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Assume that Sivart Corporation has 2017 taxable income of $750,000 for purposes of computing the...

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Accounting

Assume that Sivart Corporation has 2017 taxable income of $750,000 for purposes of computing the 179 expense and acquired the following assets during 2017: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Placed in
Asset Service Basis
Machinery October 12 $ 1,440,000
Computer equipment February 10 70,000
Delivery Truck-used August 21 93,000
Furniture April 2 310,000
Total $ 1,913,000

b. What is the maximum total depreciation expense (179, bonus, MACRS) that Sivart may deduct in 2017 on the assets it placed in service in 2017? (Round your intermediate computations to the nearest whole dollar amount.)

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