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Burbank Corporation calendaryearend acquired the following property this year: Use MACRS Table Table and
Exhibit
Burbank acquired the copier in a taxdeferred transaction when the shareholder contributed the copier to the business in
exchange for stock.
a Assuming no bonus or $ expense, what is Burbank's maximum cost recovery deduction for this year?
Note: Round your answer to the nearest whole dollar amount.
Maximum cost recovery deductionBurbank Corporation calendaryearend acquired the following property this year: Use MACRS Table Table and Exhibit Asset Placed in ServiceBasisUsed copier November $ New computer equipment June Furniture July New delivery truck October Luxury autoJanuary Total $ Burbank acquired the copier in a taxdeferred transaction when the shareholder contributed the copier to the business in exchange for stock.a Assuming no bonus or expense, what is Burbank's maximum cost recovery deduction for this year?Note: Round your answer to the nearest whole dollar amount.Table MACRS HalfYear Convention
tableDepreciation Rate for Recovery PeriodYear,Year,Year,Year,Year,YearYear