69. Burbank Corporation (calendar-year-end) acquired the following property this year:

Asset Placed in Service Basis Used copier November 12 $ 7,800 New computer equipment June 6 14,000 Furniture July 15 32,000 New delivery truck October 28 19,000 Luxury auto January 31 70,000 Total $142,800 Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock.

a. Assuming no bonus or §179 expense, what is Burbank’s maximum cost recovery deduction for this year?

b. Assuming Burbank would like to maximize its cost recovery deductions by claiming bonus and §179 expense, which assets should Burbank immediately expense?

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