Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2016: All assets are used 100% for business use. The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000. The corporation has $3,000,000 income from operations before calculating depreciation deductions. Sanjuro Corporation wishes to maximize its overall depreciation deduction for 2016 and is willing to make any necessary elections. Assume Congress votes to extend the Sec. 179 deductions discussed in class to the 2016 tax year Refer to the information in Table 1. What is Sanjuro Corporation's maximum cost recovery deduction for the warehouse in 2016? $55, 052 $60, 295 $70, 536 $77, 959 Refer to the information in Table 1. What is Sanjuro Corporation's maximum for cost recovery deduction for the automobile for 2016? $3, 060 $3, 160 $11, 160 $18, 160 Refer to the information in Table 1. What is Sanjuro Corporation's cost recovery deduction for the computer equipment for 2016 if it wants to maximize its overall depreciation deduction? $35,000 $42,000 $14,000 $10, 500 Refer to the information in Table 1. What is Sanjuro Corporation's cost recovery deduction for the used office equipment for 2016 if it wants to maximize its overall depreciation deduction? $250,000 $142, 863 $35, 436 $35, 725 Refer to the information in Table 1. What is Sanjuro Corporation's maximum total cost recovery deduction for 2016? $357, 940 $373, 367 $447, 933 $675, 052 Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2016: All assets are used 100% for business use. The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000. The corporation has $3,000,000 income from operations before calculating depreciation deductions. Sanjuro Corporation wishes to maximize its overall depreciation deduction for 2016 and is willing to make any necessary elections. Assume Congress votes to extend the Sec. 179 deductions discussed in class to the 2016 tax year Refer to the information in Table 1. What is Sanjuro Corporation's maximum cost recovery deduction for the warehouse in 2016? $55, 052 $60, 295 $70, 536 $77, 959 Refer to the information in Table 1. What is Sanjuro Corporation's maximum for cost recovery deduction for the automobile for 2016? $3, 060 $3, 160 $11, 160 $18, 160 Refer to the information in Table 1. What is Sanjuro Corporation's cost recovery deduction for the computer equipment for 2016 if it wants to maximize its overall depreciation deduction? $35,000 $42,000 $14,000 $10, 500 Refer to the information in Table 1. What is Sanjuro Corporation's cost recovery deduction for the used office equipment for 2016 if it wants to maximize its overall depreciation deduction? $250,000 $142, 863 $35, 436 $35, 725 Refer to the information in Table 1. What is Sanjuro Corporation's maximum total cost recovery deduction for 2016? $357, 940 $373, 367 $447, 933 $675, 052