Question
Baker, Inc., purchases office furniture (7-year MACRS property) costing $1,031,000 and a computer system (5-year MACRS property) costing $1,031,000 in the current year. Assuming that
Baker, Inc., purchases office furniture (7-year MACRS property) costing $1,031,000 and a computer system (5-year MACRS property) costing $1,031,000 in the current year. Assuming that Baker elects not to claim bonus depreciation, what is the maximum cost-recovery deduction in the current year? (Hint: Maximize the Section 179 election effect.)
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Concepts In Federal Taxation
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
19th Edition
978-0324379556, 324379552, 978-1111579876
