Assume that Sivart Corporation has 2017 taxable income of $750,000 for purposes of computing the...
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Accounting
Assume that Sivart Corporation has 2017 taxable income of $750,000 for purposes of computing the 179 expense and acquired the following assets during 2017: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
| Placed in | |||
| Asset | Service | Basis | |
| Machinery | October 12 | $ | 1,440,000 |
| Computer equipment | February 10 | 70,000 | |
| Delivery Truck-used | August 21 | 93,000 | |
| Furniture | April 2 | 310,000 | |
| Total | $ | 1,913,000 | |
|
| |||
b. What is the maximum total depreciation expense (179, bonus, MACRS) that Sivart may deduct in 2017 on the assets it placed in service in 2017? (Round your intermediate computations to the nearest whole dollar amount.)
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