DR$.$E$.$Brown Enterprises offers $24$ hour scientific services and is in need of new equipment. Use the following dashboard to answer the questions based on the $2024$ tax rules. In order to update the model, change the variables as follows:

Taxable Income: $1,200,000$

Machinery Place In Service: $3,000,000$

Elected $179$: Enter the Maximum $179$ after phase$-$out as shown in the model's data

$$

Required:

a$.$ How much regular MACRS depreciation is taken in the first year?

b$.$ What is the Excess $179$ carried forward?

c$.$ What is the remaining basis in the assets?

d$.$ Concerned about the future, DR$.$E$.$Brown Enterprises does not want any Excess $179$ carryforward. What is the most Elected $179$ DR$.$E$.$Brown Enterprises can take to have zero Excess $179$ carryforward?

$$ DR$.$E$.$Brown Enterprises offers $24$ hour scientific services and is in need of new equipment. Use the following dashboard to answer the questions based on the $2024$ tax rules. In order to update the model, change the varlables as follows:

Taxable Income: $1,200,000$

Machinery Place In Service: $\backslash (3,000,000\backslash )$

Elected $\backslash$$$179$: Enter the Maximum $\backslash$$$179$ after phase$-$out as shown In the model's data

$```$

Depreciation

$\backslash$square MACRS Depreci$\_-\backslash$ Maximum $17...$

Taxable Income

$1,125,350$

Machinery Place In Service

$3,090,000$

$8179$ Threshold

$3,050,000$

Maximum $$179$ before phase$-$ou:

$1\mathrm{.}220,000$

Elected $$\{179$

$1\mathrm{.}220,000$

$```$

MACRS Depreciaiton Rate Year $1$

$0\mathrm{.}1429$

$179$ Breakdown

Required:

a$.$ How much regular MACRS depreciation is taken in the first year?

b$.$ What is the Excess $\backslash (\backslash$$ $179\backslash )$ carried forward?

c$.$ What is the remaining basis in the assets?

d$.$ Concerned about the future, DR$.$E$.$Brown Enterprises does not want any Excess $\backslash (\backslash$$ $179\backslash )$ carryforward. What is the most Elected $\backslash (\backslash$$ $179\backslash )$ DR$.$E$.$Brown Enterprises can take to have zero Excess $\backslash (\backslash$$ $179\backslash )$ carryforward?