Boxer LLC Has Acquired Various Types of Assets Recently Used

question 48

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:

Economic Forces

Economic factors facing Canadian business today, including global trade forces and the force to increase one’s own competitiveness and productivity levels.

Global Trade

The exchange of goods, services, and capital across international borders, influenced by global economic policies and agreements.

Service Industries

Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, banking, and education.

Extractive Industries

Industries, such as mining, oil drilling, and logging, that remove natural resources from the earth, often with significant environmental impact.