>>>>> PART ONE:

Please verify that the below spreadsheet correctly computes the maximum 2017 depreciation deductions including 179 expense (ignoring bonus depreciation):

>>>>> PART TWO:

Please indicate what value goes into each numbered box (#1-13) on the below Part I of Form 4562:

Required information [The following information applies to the questions displayed belowj Back in Boston, Steve has been busy creating and managing his new company, Teton Mountaineering (TM), which is based out of a small town in Wyoming. In the process of doing so, TM has acquired various types of assets. Below is a list of assets acquired during 2016: Exhibit 10-8 (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5) (Rounc intermediate calculations and final answer to the nearest whole dollar amount.) Date Placed in Service Asset Cost Office furniture Machinery Used delivery truck* 02/03/2016 07/22/2016 08/17/2016 $ 10,000 560,000 15,000 * Not considered a luxury automobile, thus not subject to the luxury automobile limitations During 2016, TM had huge success (and had no 179 limitations) and Steve acquired more assets the next year to increase its production capacity. These are the assets acquired during 2017 Date Placed in Service $40,000 03/31/2017 80,000 5/26/2017 475,000 08/15/2017 400,000 11/13/2017 Asset Cost Computers & info. system Luxury auto Assembly equipment Storage building Used 100% for business purposes TM generated taxable income in 2017 of $732,500 for purposes of computing the S179 expense