Back in Year T-2, Ford (a company that manufactures vehicles…
Back in Year T-2, Ford (a company that manufactures vehicles) purchased multiple assets throughout the year. It is a calendar year taxpayer. On April 5, Year T-2, it purchased $400,000 of office furniture for immediate use in its new office building in Dearborn, MI. Then, on November 10, Year T-2, it purchased another batch of computers for $820,000 for immediate use in the same building. Fill in the blank: If Ford purchased no other business assets during Year T-2 and opted out of Sec. 179 and bonus depreciation, it will have _____________ total depreciation for the computers in Year T.Answer: