Question: assume that sivart corporation has 2018 taxable income of 1750000...
Assume that Sivart Corporation has 2018 taxable income of $1,750,000 for purposes of computing the §179 expense and acquired several assets during the year. The delivery truck was acquired in a nontaxable transaction. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
|Computer equipment||February 10||70,000|
|Delivery Truck-used||August 21||93,000|
b. What is the maximum total depreciation (§179, bonus, MACRS) that Sivart may deduct in 2018 on the assets it placed in service in 2018?