[The following information applies to the questions displayed below.]

Burbank Corporation (calendar-year-end) acquired the following property this year: (UseMACRSTable 1,Table 2, andExhibit 10-10.)(Round your answer to the nearest whole dollar amount.)

AssetPlaced in ServiceBasisUsed copierNovember 12$7,800New computer equipmentJune 614,000FurnitureJuly 1532,000New delivery truckOctober 2819,000Luxury autoJanuary 3170,000Total$142,800

Burbank acquired the copier in a tax-deferredtransaction when the shareholder contributed the copier to the business in exchange for stock.

c.What is Burbank's maximum cost recovery deduction this year assuming it elects 179 expense and claims bonus depreciation?

EXHIBIT 10-10 Automobile Depreciation Limits Year Placed in Service 2019* 2018 2017 2016 Recovery Year 1 10,000** 10,000* 3,160* 3,160* Recovery Year 2 16,000 16,000 5,100 5,100 Recovery Year 3 9,600 9,600 3,050 3,050 Recovery Year 4 and after 5,760 5,760 1,875 1,875 *As of press date, the IRS had not released the 2019 limitations for automobiles, so throughout the chapter we use the same limitations as in 201 8 for 2019. **$8,000 additional depreciation is allowed when bonus depreciation is claimed [ 1 68( k)( 2 )(F ) ] . Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 4.462 Year 18 4.461 Year 19 4.462 Year 20 4.461 Year 21 2.231TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter