Roman Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2007:

DATE PLACED IN SERVICE ASSET DESCRIPTION COST 5/8/07 Automobile $30,000 5/15/07 Computers $112,000 10/1/07 Office Furniture $100,000 11/3/07 Warehouse $200,000

a. Roman Corporation wants to maximize its depreciation deduction for 2007.

Which asset(s) should it elect to expense under Section 179 and why?

b. What is Roman’s total depreciation deduction for 2007 assuming that it follows your recommendation?

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