Burbank Corporation (calendar-year-end) acquired the following property this year:(Use MACRS Table 1, Table 2 and...
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Accounting
Burbank Corporation (calendar-year-end) acquired the following property this year:(Use MACRS Table 1, Table 2 and Exhibit 10-10.) (
Asset Placed in Service Basis Used copier November 12 $12,600
New computer equipment June 6 18,800
Furniture July 15 36,800
New delivery truck October 28 23,800
Luxury auto January 31 74,800
Total $166,800
Assuming no bonus or 179 expense, what is Burbanks maximum cost recovery deduction for this year?
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