Question
Sun Corporation ( a calendar -year corporation) purchased and placed in service the following assets during 2018 Date Acquired Asset Description Cost February 18 Warehouse
Sun Corporation ( a calendar -year corporation) purchased and placed in service the following assets during 2018
Date Acquired Asset Description Cost
February 18 Warehouse Building $ 2,450,00
June 2 Used Automobile $ 30,000
August 18 New computer equipment 220,000
September 20 New machinery 1,050,000
December 15 Used office equipment $ 885,000
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 $ 1,00,000 . The corporation has #3,000,000 income from operations before calculating depreciation deductions. Sun corporation made whatever election were necessary to maximize its overall for 2018. What is the maximum Section 179 Deduction San corporation can take in 2018?
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