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Boxer LLC Has Acquired Various Types of Assets Recently Used

Question 103

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Boxer LLC has acquired various types of assets recently used 100 percent in its trade or business.Below is a list of assets acquired during 2018 and 2019:
 Asset  Cost Basis  Corvention  Date Placed in Service  Machirery 25,000 Half-year  Jaruary 24, 2018  Warehouse 800,000 Mid-month  August 1, 2018  Furniture 100,000 October 5, 2019  Computer equipment 65,000 October 10,2019  Office equipment 34,000 Septernber 28, 2019  Automobile 35,000 July 15,2019  Office building 800,000 Septermber 24, 2019 \begin{array} { l r c r } \text { Asset } & \text { Cost Basis } & \text { Corvention } & \text { Date Placed in Service } \\\text { Machirery } & 25,000 & \text { Half-year } & \text { Jaruary 24, 2018 } \\\text { Warehouse } & 800,000 & \text { Mid-month } & \text { August 1, 2018 } \\\text { Furniture } & 100,000& &\text { October 5, 2019 } \\\text { Computer equipment } & 65,000 && \text { October 10,2019 } \\\text { Office equipment } & 34,000 && \text { Septernber 28, 2019 } \\\text { Automobile } & 35,000 & &\text { July 15,2019 } \\\text { Office building } & 800,000 && \text { Septermber 24, 2019 }\end{array} Boxer did not elect §179 expense and elected out of bonus depreciation in 2018, but would like to take advantage of the §179 expense and bonus depreciation for 2019 (assume that taxable income is sufficient).Calculate Boxer's maximum depreciation deduction for 2019.(Use MACRS Table 1, MACRS Table 5, and Exhibit 10-10.)(Round final answer to the nearest whole number.)

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$249,627.
§179 allows expensing of all t...

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