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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 thetotaldepreciation expense for the taxpayer in 2019
Answers:
I.$500,000
II.$557,160
III.$565,725
IV.$580,000
V.None of the above
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