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A company has purchased $2.360,000 in Section 179-qualifying property during the year. In addition to using the Section 179 expense deduction, it wishes to use
A company has purchased $2.360,000 in Section 179-qualifying property during the year. In addition to using the Section 179 expense deduction, it wishes to use 50% bonus depreciation. Being in the offshore oil and gas business, all such assets are MACRS 5- year property. What will be the tax savings in year 1 as compared to simple MACRS depreciation without Section 179 and 50% bonus depreciation? O $282.240 O $306,000 O $336.000 $186.000
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