Assume that Sivart Corporation has 2019 taxable income of $1,750,000 for purposes of computing the §179 expense and acquired several assets during the year. Assume the delivery truck does not qualify for bonus depreciation. (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|
a. What is the maximum amount of §179 expense Sivart may deduct for 2019?
b. What is the maximum total depreciation (§179, bonus, MACRS) that Sivart may deduct in 2019 on the assets it placed in service in 2019?