3. Boxer LLC has acquired various types of assets recently. Below is a list of assets acquired during 2022 and
2023:
Asset
Machinery
Warehouse
Furniture
Computer equipment
Office equipment
Automobile
Office building
Cost Basis Convention
Date Placed in Service
25,000 Half year
January 24, 2022
800,000 Mid month
August 1, 2022
100,000
October 5, 2023
85,000
October 10, 2023
34,000
September 28, 2023
55,000
July 15, 2023
800,000
September 24, 2023
1. Boxer did not elect §179 expense and elected out of bonus depreciation in 2022 and would like to elect
out of §179 expense and bonus depreciation for 2023. What is the depreciation deduction for 2023?
2. Boxer would like to elect out of Sec. 179 for 2023 but take advantage of bonus depreciation. What is
the depreciation deduction for 2023?