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During 2020, Imani, a calendar-year taxpayer, purchased the following assets for her business: Asset Cost Date Placed into Service Kitchen Equipment (5-yr property) $780,000 04/09/2020
During 2020, Imani, a calendar-year taxpayer, purchased the following assets for her business: Asset Cost Date Placed into Service Kitchen Equipment (5-yr property) $780,000 04/09/2020 Tables and Chairs (7-yr property) $275,000 05/20/2020 Delivery Van (5-yr property) $98,000 07/16/2020 Storage Facility (39-yr property) $459.000 08/10/2020 Industrial Ovens (5-yr property) $1,498,000 10/18/2020 Imani's taxable income after regular depreciation is $950,000 in 2020. How much Section 179 expense is Imani allowed to allocate to these assets during 2020
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