Boxer LLC Has Acquired Various Types of Assets Recently Used

question 18

Essay

Boxer LLC has acquired various types of assets recently used 100 percent in its trade or business. Below is a list of assets acquired during 2018 and 2019:
Boxer did not elect §179 expense and elected out of bonus depreciation in 2018, but would like to take advantage of the §179 expense and bonus depreciation for 2019 (assume that taxable income is sufficient). Calculate Boxer's maximum depreciation deduction for 2019. (Use MACRS Table 1, MACRS Table 5, and Exhibit 10-10. )(Round final answer to the nearest whole number.)

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Definitions:

Counteradvertising Order

A directive, often issued by a court or regulatory agency, requiring a business to advertise against its own previous misleading advertisements to correct public misinformation.

Substantiated

Supported with evidence or proof; verified as being true, accurate, or justified.

Equal Credit Opportunity Act

A U.S. federal law that prohibits discrimination by lenders against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.

Credit Decisions

The process by which lenders determine the creditworthiness of potential borrowers and decide whether to extend credit.