Boxer LLC Has Acquired Various Types of Assets Recently Used

question 41

Essay

Boxer LLC has acquired various types of assets recently used 100% in its trade or business. Below is a list of assets acquired during 2017 and 2018:

Boxer did not elect §179 expense and elected out of bonus depreciation in 2017, but would like to take advantage of the §179 expense and bonus depreciation for 2018 (assume that taxable income is sufficient). Calculate Boxer's maximum depreciation expense for 2018. (Use MACRS Table 1, Table 5 and Exhibit 10-10 ) (Round final answer to the nearest whole number.)

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Definitions:

Mass Transit

Public transportation systems that move large numbers of people within urban and suburban areas.

Price of Gasoline

The cost per unit volume of gasoline, typically measured in dollars per gallon or liters.

Equilibrium Price

The price at which the quantity of a product demanded by consumers and the quantity supplied by producers are equal.

Oat Bran

The outer layer of the oat grain, rich in dietary fiber and nutrients, often consumed for its health benefits, such as lowering cholesterol.