Boxer LLC Has Acquired Various Types of Assets Recently Boxer Did Not Elect §179 Expense or Potential Bonus Depreciation

Short Answer

Boxer LLC has acquired various types of assets recently. Below is a list of assets acquired during 2013 and 2014: $$\begin{array} { | l | r | l | l | } \hline \text { Asset } & { \text { Cost Basis } } & \text { Convention } & \text { Date Placed in } \\& & & \text { Service } \\\hline \text { Machinery } & 25,000 & \text { Half year } & \text { January 24, 2013 } \\\hline \text { Warehouse } & 800,000 & \text { Mid month } & \text { August 1, 2013 } \\\hline \text { Furniture } & 100,000 & & \text { October 5, 2014 } \\\hline \text { Computer equipment } & 65,000 & & \text { October 10, 2014 } \\\hline \text { Office equipment } & 34,000 & & \text { September 28, 2014 } \\\hline \text { Automobile } & 35,000 & & \text { July 15, 2014 } \\\hline \text { Office building } & 800,000 & & \text { September 24, 2014 } \\\hline\end{array}$$ Boxer did not elect §179 expense or potential bonus depreciation in 2013, but would like to elect §179 expense for 2014 (assume that taxable income is sufficient). Calculate Boxer's maximum depreciation expense for 2014, rounded to the nearest whole number (ignore bonus depreciation for 2014). If necessary, use the 2013 luxury automobile limitation amount for 2014 and assume that the 2013 §179 limits are extended to 2014.