Steed and Peel, Ltd is a new concept upscale deli in the North Carefree area. In its first tax year (calendar 2018), S&P netted $955,000 in taxable profit - it expects to clear well over $1,385,000 in 2019 (both figures are before any recovery deductions). In general, S&Ps owners (it is a C corporation) want to maximize first-year tax depreciation and related deductions. In this context, they also hope to avoid keeping annual depreciation records, if possible. However, upon advice of their financial and legal advisors, related to certain regulatory issues (beyond our scope here), S&P will only consider claiming bonus depreciation for software acquisitions, if such a bonus allowance is otherwise available. Given the foregoing, your task is to determine how best to achieve S&Ps overall goals relative to depreciation and related deductions.

Description	Date Acquired	Cost	Recovery Period	Convention	GDS Method
Executive Vehicle (Audi A8)	5/6/2019	$ 92,004
Meat Slicers & Related Food Service (Used Eqpt.)	2/24/2019	323,064
Walk-in Cooler & Related	6/20/2019	368,651
Furniture & Fixtures	7/26/2019	122,200	7	HY	122,200
Computers & Peripherals	1/16/2019	48,238	5	HY	48,238
Canned software - business applications	9/25/2019	34500
Delivery/Cargo Trucks (3 - each GVW 9,500 lbs.)	11/11/2019	173,700
Building Improvements - Expansion Costs	10/12/2019	526,296

Description	Cost	Remaining Basis	Recovery %	GDS Recovery Deduction	Luxury Auto MACRS Cap	Total Allowable Deductions
Executive Vehicle (Audi A8)	$92,004	92,004
Meat Slicers & Related Food Service (Used Eqpt.)	323,064	323,064
Walk-in Cooler & Related	368,651	368,651
Furniture & Fixtures	122,200	-	n/a	-	n/a	122,200
Computers & Peripherals	48,238	-	n/a	-	n/a	48,238
Canned software - business applications	34500	34,500
Delivery/Cargo Trucks (3 - each GVW 9,500 lbs.)	173,700	173,700
Building Improvements - Expansion Costs	526,296	526,296
Total	1,688,653	$ 1,518,215				$ 170,438

Total Personal Property (after any 179)
Total Personal Property 4th Quarter (after any 179)
Fourth Quarter Ratio