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BoxerLLC has acquired various types of assets recently used 100 percent in its trade or...

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Accounting

BoxerLLC has acquired various types of assets recently used 100 percent in its trade or business. Below is a list of assets acquired during 2023 and 2024:
Asset Cost Basis Convention Date Placed in Service
Machinery $ 125,000 Half-year January 24,2023
Warehouse 2,800,000 Mid-month August 1,2023
---------------------------------
Furniture 2,100,000 October 5,2024
Computer equipment 265,000 October 10,2024
Office equipment 134,000 September 28,2024
Office building 800,000 September 24,2024
Boxer did not elect 179 expense and elected out of bonus depreciation in 2023 but would like to take advantage of the 179 expense for 2024(assume that taxable income is sufficient). Calculate Boxer's maximum depreciation deduction for 2024. The maximum 179 deduction in 2024 is 1,220,000.

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