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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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.)
Asset l Placed in Service l 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
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?Â
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