Check Required information Problem 10-55 (LO 10-2, LO 10-3) (Algo) (The following information applies to the questions displayed below. Harris Corp. is a technology start-up currently in its second year of operations. The company didn't purchase any assets this year but purchased the following assets in the prior year: Asset Office equipment Manufacturing equipment Computer system Total Placed in Service August 14 April 15 June 1 Basis $ 10,600 74,000 22,000 $ 106,600 Harris did not know depreciation was tax deductible until it hired an accountant this year and didn't claim any depreciation deduction in its first year of operation. (Use MACRS Table 1 and Table 2.) Problem 10-55 Part a (Algo) a. What is the maximum amount of depreciation deduction Harris Corp. can deduct in its second year of operation? (Leave no answer blank. Enter zero if applicable.) Depreciation deduction Required information Problem 10-55 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] Harris Corp. is a technology start-up currently in its second year of operations. The company didn't purchase any assets this year but purchased the following assets in the prior year: Asset Office equipment Manufacturing equipment Computer system Total Placed in Service August 14 April 15 June 1 Basis $ 10,600 74,000 22,000 $ 106,600 Harris did not know depreciation was tax deductible until it hired an accountant this year and didn't claim any depreciation deduction in its first year of operation. (Use MACRS Table 1 and Table 2.) Problem 10-55 Part b (Algo) b. What is the basis of the office equipment at the end of the second year? (Leave no answer blank. Enter zero if applicable.) Basis of office equipment