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Green Bank Corporation claimed $300,000 in Sec. 179 expense and $200,000 in bonus depreciation in 2019 and the following is the remaining basis for each
Green Bank Corporation claimed $300,000 in Sec. 179 expense and $200,000 in bonus depreciation in 2019 and the following is the remaining basis for each asset purchased in 2019 after applying Sec. 179 and bonus depreciation:
Desks and chairs purchased on March 15, remaining basis: $150,000 Computers purchased on April 3, remaining basis: $250,000
What is the total depreciation expense for the taxpayer in 2019?
I. | $500,000 | |
II. | $557,160 | |
III. | $565,725 | |
IV. | $580,000 | |
V. | None of the above |
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