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Boxer LLC Has Acquired Various Types of Assets Recently Used

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Boxer LLC has acquired various types of assets recently used 100% in its trade or business. Below is a list of assets acquired during 2015 and 2016:  Asset  Cost  Basis  Comrention  Date Placed in  Senrice  Machinery 25,000 Half year  January 24, 2015 Warehouse 800,000 Mid month  August 1, 2015  Furniture 100,000 October 5, 2016  Computer  equipment 65,000 October 10, 2016  Office  equipment 34,000 September 28, 2016 Automobile 35,000 July 15, 2016  Office building 800,000 September 24, 2016\begin{array} { | l | r | l | l | } \hline \text { Asset } & \begin{array} { r } \text { Cost } \\\text { Basis }\end{array} & \text { Comrention } & \begin{array} { l } \text { Date Placed in } \\\text { Senrice }\end{array} \\\hline \text { Machinery } & 25,000 & \text { Half year } & \begin{array} { l } \text { January 24, } \\2015\end{array} \\\hline \text { Warehouse } & 800,000 & \text { Mid month } & \text { August 1, 2015 } \\\hline \text { Furniture } & 100,000 & & \text { October 5, 2016 } \\\hline \begin{array} { l } \text { Computer } \\\text { equipment }\end{array} & 65,000 & & \text { October 10, 2016 } \\\hline \begin{array} { l } \text { Office } \\\text { equipment }\end{array} & 34,000 & & \begin{array} { l } \text { September 28, } \\2016\end{array} \\\hline \text { Automobile } & 35,000 & & \text { July 15, 2016 } \\\hline \text { Office building } & 800,000 & & \begin{array} { l } \text { September 24, } \\2016\end{array} \\\hline\end{array} Boxer did not elect §179 expense and elected out of bonus depreciation in 2015, but would like to elect §179 expense for 2016 (assume that taxable income is sufficient). Calculate Boxer's maximum depreciation expense for 2016, rounded to the nearest whole number (ignore bonus depreciation for 2016). If necessary, use the 2015 luxury automobile limitation amount for 2016 and assume that the 2015 §179 limits are identical to 2016.

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$234,787
Explanation: §179 allows expens...

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