[9] In 2019, Walt Sheen purchased and placed in service a packaging machine at a cost of $3,055,000. He had $37,000 taxable income from his business before considering the deduction allowed under Sec. 179. What is Walts allowable Sec. 179 deduction for 2019? A. $1,020,000 B. $515,000 C. $37,000 D. $0

[10] A taxpayer purchased 5 acres of land for $20,000 and placed in service other tangible business assets that cost $993,000. Disregarding business income limitations and assuming that the annual Section 179 (Election to Expense Certain Depreciable Business Assets) limit is $1 million, what maximum amount of cost recovery can the taxpayer claim this year? A. $1,013,000 B. $1,000,000 C. $993,000 D. $20,000

[13] A business auto that is purchased and placed in service in the current year is classified under MACRS as

A. 3-year property/with annual limitations. B. 3-year property/without annual limitations. C. 5-year property/with annual limitations. D. 5-year property/without annual limitations.

[14] In 2019, Master Corporation provided each one of its salespeople with a new automobile costing $42,000. The automobiles are used 100% of the time in the business. Assuming Master elected a half-year convention in 2019, the maximum 2020 depreciation deduction the corporation may take for any one car is

A. $0 B. $16,100 C. $18,100 D. $10,100