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Chloe owns a potato chip manufacturing business. Since the demand for her gourmet potato chips is on the rise. Chloe has decided to invest in
Chloe owns a potato chip manufacturing business. Since the demand for her gourmet potato chips is on the rise. Chloe has decided to invest in an upgraded potato slicing machine that will slice potatoes four times as fast as her previous machine. The cost of the new potato slicer is $215,000 and will be the only depreciable property that she places in service during the current year. What is the amount of her Section 179 deduction during the current year? It cannot be determined from the information provided $10,000 $25,000 $215.000
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