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View previous attempt Check my work 00 [The following information applies to the questions displayed below.) Burbank Corporation (calendar-year-end) acquired the following property this year:
View previous attempt Check my work 00 [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.) Part 3 of 3 Placed in Service November 12 June 6 July 15 October 28 January 31 Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Total 5 points Basis $ 8,400 14,600 32,600 19,600 70,600 $145,800 eBook 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.) Print Problem 10-69 Part c (Algo) References cost recovery eduction year assuming it elects expense c. What Burbank's maxi depreciation? claims bonus Maximum cost recovery deduction Mc
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