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Problem 10-69 (LO 10-2, LO 10-3) (Algo)

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Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2 and Exhibit 10-10.)

Asset	Placed in Service	Basis
Used copier	November 12	$	12,800
New computer equipment	June 6		19,000
Furniture	July 15		37,000
New delivery truck	October 28		24,000
Luxury auto	January 31		75,000
Total		$	167,800

Burbank acquired the copier in a tax-deferred transaction when the shareholder contributed the copier to the business in exchange for stock. (Round your answer to the nearest whole dollar amount.)

Problem 10-69 Part c (Algo)

c. What is Burbanks maximum cost recovery deduction this year assuming it elects 179 expense and claims bonus depreciation?