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E Co . purchased a 1 0 0 % business - use asset for $ 3 8 2 , 2 6 9 in 2 0

E Co. purchased a 100% business-use asset for $382,269 in 2024. The asset has a 7-year MACRS GDS recovery period and is depreciated under MACRS GDS (no SL election). The asset was placed in service on August 4,2024, and it was the only asset placed in service during 2024. E Co. did not elect Section 179 expensing and elected out of Section 168(k) bonus depreciation in 2024.
What is E Co.'s 2024 depreciation deduction?
E Co. purchased a 100% business-use asset for $382,269 in 2024. The asset has a 7-year MACRS GDS recovery period and is depreciated under MACRS GDS (no SL election). The asset was placed in service on August 4,2024, and it was the only asset placed in service during 2024. E Co. did not elect Section 179 expensing and elected out of Section 168(k) bonus depreciation in 2024.
What is E Co.'s 2024 depreciation deduction?

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