Question: Required information Problem 10-69 (LO 10-2, LO 10-3) (Algo) (The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property

Required information Problem 10-69 (LO 10-2, LO 10-3) (Algo) (The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2 and Exhibit 10-10.) Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Placed in Service November 12 June 6 July 15 October 28 January 31 Basis $ 10,600 16,800 34,800 21,800 72,800 $ 156,800 Total 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 a (Algo) a. Assuming no bonus or $179 expense, what is Burbank's maximum cost recovery deduction for this year? Maximum cost recovery deduction Required information Problem 10-69 (LO 10-2, LO 10-3) (Algo) (The following information applies to the questions displayed below.] Burbank Corporation (calendar-year-end) acquired the following property this year: (Use MACRS Table 1, Table 2 and Exhibit 10-10.) Asset Used copier New computer equipment Furniture New delivery truck Luxury auto Placed in Service November 12 June 6 July 15 October 28 January 31 Basis $ 10,600 16,800 34,800 21,800 72,800 $ 156,800 Total 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 a (Algo) a. Assuming no bonus or $179 expense, what is Burbank's maximum cost recovery deduction for this year? Maximum cost recovery deduction
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