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Table Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2016 February 18 Warehouse Building $2,450,000 39 years June 2
Table Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2016 February 18 Warehouse Building $2,450,000 39 years June 2 $30,000 5 years August 18 New Computer Equipment $70,000 5 years New Machinery $270,000 Used Office Equipment S250,000 5 years All assets are used 100% for business use. The warehouse building include the cost of the land on which it is located which was an additional si,000,000, The corporation has S3,000,000 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
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