Required information [The following information applies to the questions displayed below.] Burbank...

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Accounting

Required information
[The following information applies to the questions displayed below.]
Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2, and
Exhibit 10-10.)
Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in
exchange for stock.
a. Assuming no bonus or $179 expense, what is Burbank's maximum cost recovery deduction for this year?
Note: Round your answer to the nearest whole dollar amount.
Maximum cost recovery deductionBurbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2, and Exhibit 10-10.)Asset Placed in ServiceBasisUsed copier November 12$ 7,800New computer equipment June 614,000Furniture July 1532,000New delivery truck October 2819,000 Luxury autoJanuary 3170,000Total $ 142,800Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock.a. Assuming no bonus or 179 expense, what is Burbank's maximum cost recovery deduction for this year?Note: Round your answer to the nearest whole dollar amount.Table 1 MACRS Half-Year Convention
\table[[Depreciation Rate for Recovery Period],[,3-Year,5-Year,7-Year,10-Year,15-Year,20-Year],[Year 1,33.33%,20.00%,14.29%,10.00%,5.00%,3.750%
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