Boxer LLC has acquired various types of assets recently used 100% in its trade or business.Below is a list of assets acquired during 2016 and 2017:
Boxer did not elect §179 expense and elected out of bonus depreciation in 2016,but would like to elect §179 expense for 2017 (assume that taxable income is sufficient).Calculate Boxer's maximum depreciation expense for 2017,(ignore bonus depreciation for 2017).If necessary,use the 2016 luxury automobile limitation amount for 2017.(Use MACRS Table 1 and Use MACRS Table 5)Exhibit 2-8 (Round final answer to the nearest whole number)
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§179 allows expensing of all th...
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