Storage Building 400,000 400,000 1,284 1,284 Totals 1,580,000 104,000 976,000 87,303 191,303 c) 2012 depreciation is $374,295. Current Sec. 179 MACRS Total Description Cost Bonus MACRS Expense Basis Expense Expense Office Equipment 10,000 - - Machinery 560,000 70,000 17,143 17,143 Used Delivery Truck 15,000 15,000 4,800 4,800 Computers & Info. 40,000 20,000 4,000 24,000 System 20,000 Luxury Auto 80,000 72,000 3,060 11,060 8,000 Assembly Equipment 475,000 104,000 185,500 26,508 316,008 185,500 Storage Building 400,000 400,000 1,284 1,284 Totals 1,580,000 104,000 213,500 762,500 56,795 $ 374,295 d) 2011 depreciation is $205,931. Sec. 179 MACRS Current Total Description Cost Expense Basis Expense Expense Office Equipment 10,000 - - - Machinery 560,000 70,000 17,143 17,143 Used Delivery Truck 15,000 15,000 4,800 4,800 Computers & Info. 40,000 40,000 8,000 8,000 System Luxury Auto 80,000 80,000 3,060 3,060 Assembly Equipment 475,000 104,000 371,000 53,016 157,016 Storage Building 400,000 400,000 1,284 1,284 Inventory 20,000 n/a - - Office Furniture 30,000 30,000 4,287 4,287 Machinery 50,000 50,000 7,145 7,145 Patent 98,000 98,000 2,178 2,178 Goodwill 2,000 2,000 44 44 Building 130,000 130,000 974 974 Land 20,000 n/a - -
Storage Building 400,000 400,000 1,284 1,284 Totals 1,580,000 104,000 976,000 87,303 191,303 c) 2012 depreciation is $374,295. Description Cost Sec. 179 Expense Bonus MACRS Basis Current MACRS Expense Total Expense Office Equipment 10,000 - - Machinery 560,000 70,000 17,143 17,143 Used Delivery Truck 15,000 15,000 4,800 4,800 Computers & Info. System 40,000 20,000 20,000 4,000 24,000 Luxury Auto 80,000 8,000 72,000 3,060 11,060 Assembly Equipment 475,000 104,000 185,500 185,500 26,508 316,008 Storage Building 400,000 400,000 1,284 1,284 Totals 1,580,000 104,000 213,500 762,500 56,795 $ 374,295 d) 2011 depreciation is $205,931. Description Cost Sec. 179 Expense MACRS Basis Current Expense Total Expense Office Equipment 10,000 - - - Machinery 560,000 70,000 17,143 17,143 Used Delivery Truck 15,000 15,000 4,800 4,800 Computers & Info. System 40,000 40,000 8,000 8,000 Luxury Auto 80,000 80,000 3,060 3,060 Assembly Equipment 475,000 104,000 371,000 53,016 157,016 Storage Building 400,000 400,000 1,284 1,284 Inventory 20,000 n/a - - Office Furniture 30,000 30,000 4,287 4,287 Machinery 50,000 50,000 7,145 7,145 Patent 98,000 98,000 2,178 2,178 Goodwill 2,000 2,000 44 44 Building 130,000 130,000 974 974 Land 20,000 n/a - -
Solution-Manual-Taxation-of-Business-Entities-4th-Edition-Spilker.docx