Question
A self-employed taxpayer purchased used computer equipment on January 24, 2021 for $2,000,000. No other assets were purchased during the year. Assume the taxpayer DID
A self-employed taxpayer purchased used computer equipment on January 24, 2021 for $2,000,000. No other assets were purchased during the year. Assume the taxpayer DID NOT elect to take the 179 deduction but DID elect to take bonus depreciation. What is the maximum total depreciation that would be deducted in 2021?
Multiple Choice
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$285,800
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$400,000
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$700,000
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$1,240,000
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$2,000,000
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Mathematics Of Finance
Authors: Petr Zima
2nd Edition
0070082030, 9780070082038
