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Carol purchased the following assets during the year. Asset Cost Equipment (7 year property) 1,150,000 Computers (5 year property) 125,000 Machinery (7 year property) 1,500,000
Carol purchased the following assets during the year. Asset Cost Equipment (7 year property) 1,150,000 Computers (5 year property) 125,000 Machinery (7 year property) 1,500,000 Office Building 7,500,000 Office Furn. (7 year property) 95,000 Date Purchased 2/1/20 7/9/20 8/20/20 10/25/20 12/29/20 Calculate the maximum amount of Section 179 deduction that Sara is eligible to take based on these purchases? A. None OB. $760,000 C. $2,590,000 D. $1,040,000 E. $125,000
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