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TONIO TO SU TOLU TOU [The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property this year:/Use MACRS Table
TONIO TO SU TOLU TOU [The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property this year:/Use MACRS Table 1, Table 2 and Exhibit 10-10.) (Round your answer to the nearest whole dollar amount.) 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, 200 14,400 32,400 19,400 70,400 $144,800 Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock. Problem 10-69 Part c c. What is Burbank's maximum cost recovery deduction this year assuming it elects $179 expense and claims bonus depreciation
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