Problem 8-43 (Algorithmic) (LO. 2, 3, 9) On May 31, 2016, Javier Sanchez purchased and placed in service a new 7-year class asset costing $552,000 for use in his landscaping business, which he operates as a single member LLC (Sanchez Landscaping LLC) Compute the maximum deductions (including first year additional depreciation) that Javier Sanchez can claim with respect to this asset in 2016 and 2017. If required round your intermediate computations and final answers to the nearest dollar. for this problem. The maximum 179 for 2016 is $500,000 and the reduction threshold is $2,010,000. a, Javier Sanchez's total cost recovery deduction in 2016 is $1 529,715 and 532,367 | X in 2017. b. Com plete Javier's Form 4562 (page 1) for 2016. His Social Security number is 123-45-6789. f an amount is zero, enter "0". Enter amounts as positive numbers. Problem 8-43 (Algorithmic) (LO. 2, 3, 9) On May 31, 2016, Javier Sanchez purchased and placed in service a new 7-year class asset costing $552,000 for use in his landscaping business, which he operates as a single member LLC (Sanchez Landscaping LLC) Compute the maximum deductions (including first year additional depreciation) that Javier Sanchez can claim with respect to this asset in 2016 and 2017. If required round your intermediate computations and final answers to the nearest dollar. for this problem. The maximum 179 for 2016 is $500,000 and the reduction threshold is $2,010,000. a, Javier Sanchez's total cost recovery deduction in 2016 is $1 529,715 and 532,367 | X in 2017. b. Com plete Javier's Form 4562 (page 1) for 2016. His Social Security number is 123-45-6789. f an amount is zero, enter "0". Enter amounts as positive numbers