Boxer LLC Has Acquired Various Types of Assets Recently Used

question 39

Short Answer

Boxer LLC has acquired various types of assets recently used 100% in its trade or business. Below is a list of assets acquired during 2015 and 2016:
Boxer did not elect §179 expense and elected out of bonus depreciation in 2015, but would like to elect §179 expense for 2016 (assume that taxable income is sufficient). Calculate Boxer's maximum depreciation expense for 2016, rounded to the nearest whole number (ignore bonus depreciation for 2016). If necessary, use the 2015 luxury automobile limitation amount for 2016 and assume that the 2015 §179 limits are identical to 2016.

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Definitions:

I/O Configuration

The setup and organization of input/output modules in a control system, determining how signals are processed and communicated.

Consumed Tag

References data that come from another controller.

Produced Tag

A tag or identifier created during an automated process to track or signal specific data or conditions in a control system.

Controller Organizer Tree

The Controller Organizer Tree is a hierarchical structure used to organize and manage the different components and controllers within a control system.