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Required information [The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table
Required information [The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2 and Exhibit 10-10.) (Round your answer to the nearest whole dollar amount.) Placed in Service Asset Basis Used copier New computer equipment Furniture New delivery truck Luxury auto Total November 12 11,400 17,600 35,600 22,600 73,600 $160,800 June 6 July 15 October 28 January 31 Burbank acquired the copier in a nontaxable transaction when the shareholder contributed the copier to the business in exchange for stock c. what is Burbank's maximum cost recovery deduction this year assuming it elects 179 expense and claims bonus depreciation? Maximum cost recovery deduction
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