ACC 522 : ACC522 - Chapter 6 CCA Rates
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4 Aug 2012
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Boxer LLC has acquired various types of assets recently used100% in its trade or business. Below is a list of assets acquiredduring 2016 and 2017:
Asset | CostBasis | Date Placed inService |
Machinery | 50,000 | September 1,2016 |
Apartment building | 500,000 | June 1,2016 |
Furniture | 510,000 | May 1,2017 |
Computer equipment | 510,000 | May 10,2017 |
Automobile | 15,000 | March 16,2017 |
Office building | 600,000 | June 24,2017 |
Boxer did not elect §179 expense and elected out of bonusdepreciation in 2016, but would like to elect §179 expense for 2017(assume that taxable income is sufficient). Calculate Boxer'smaximum depreciation expense for 2017, including Sec. 179 expense(ignore bonus depreciation for 2017). 2017 Depreciation, including Sec. 179expense Machinery: Apartment building: Furniture: Computer equipment: Automobile: Office building: |