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Assume that Sivart Corporation has 2017 taxable income of $750,000 for purposes of computing the 179 expense and acquired the following assets during...
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.)
Asset l Placed in Service l 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
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.)
