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There is no other information, these are the full questions. Burbank Corporation (calendar year-end) acquired the following property this year: (Use MACRS Table 1, Table

image text in transcribedimage text in transcribedThere is no other information, these are the full questions.

Burbank Corporation (calendar year-end) acquired the following property this year: (Use MACRS Table 1, Table 2 and Exhibit 10-10.) Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Total Placed in Service November 12 June 6 July 15 October 28 January 31 Basis $ 8,600 14,800 32,800 19,800 70,800 $ 146,800 Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock. (Round your answer to the nearest whole dollar amount.) Problem 10-69 Part a (Algo) a. Assuming no bonus or $179 expense, what is Burbank's maximum cost recovery deduction for this year? Maximum cost recovery deduction Burbank Corporation (calendar year-end) acquired the following property this year: (Use MACRS Table 1, Table 2 and Exhibit 10-10.) Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Total Placed in Service November 12 June 6 July 15 October 28 January 31 Basis $ 8,600 14,800 32,800 19,800 70, 800 $ 146,800 Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock. (Round your answer to the nearest whole dollar amount.) Problem 10-69 Part c (Algo) c. What is Burbank's maximum cost recovery deduction this year assuming it elects $179 expense and claims bonus depreciation? Maximum cost recovery deduction

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