Question
Robles Enterprises, a multi-location printing company, purchased the following during 2019: New printers costing $1,080,000. How much is the maximum cost recovery deduction for 2019?
Robles Enterprises, a multi-location printing company, purchased the following during 2019:
New printers costing $1,080,000.
- How much is the maximum cost recovery deduction for 2019?
- Assuming they claimed the maximum in 2019, how much is deductible in 2023?
- Assuming the photocopiers were sold for $75,000 on April 18, 2021, how much is the 2021 cost recovery deduction?
- Answer the above questions if Robles elects out of bonus depreciation and does not elect under 179.
Presidents used vehicle (2017 Jaguar XL weighing 4,800 pounds) costing $36,500.
- How much is the maximum cost recovery deduction for 2019, assuming the owners have adequate net income?
- Assuming they claimed the maximum in 2019, how much is deductible in 2021?
Nonresidential real estate purchased for $875,000 ($155,000 assigned to land); placed in service May 18, 2019. How much is deductible in 2019? How much for 2028? How much for 2030 if the real estate is sold on January 2, 2030?
Robles purchased a competing business in April 2018, including $337,500 allocated to goodwill. How much is deductible in 2019?
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