In 2015. ford Corporation purchases and places in service 3.370.000 of equipment for ts manufacturing business. What portion of the 13 370,000 may Sanford elect to treat as a Section 8 $0. expense $15000 $20.000 d $25.000 e D200,000 4 in May 2019, Preston purchases 5.vear MACRS property costing $150,000 and 7-year MACRS property costing SUUUU Preston's income is $100,000 Preston does not want to claim bonus depreciation If Preston wishes to maximize his total 2019 cost recovery deduction, what will his total cost recovery deduction be on the properties purchased in 2019 a $100,000 b $122.000 c. $210,000 d $42.000 e $34,430 5 Which of the following would be allowed for a depreciation deduction under MACRS? Inventory Land acquired as an investment Residence used as rental property Airplane used by company controller to attend accounting conference IV a Only statement illis correct b. Only statement IV is correct C Statements ill and I are correct d Statements II, III, and I are correct e. All of the assets are depreciable In 2015. ford Corporation purchases and places in service 3.370.000 of equipment for ts manufacturing business. What portion of the 13 370,000 may Sanford elect to treat as a Section 8 $0. expense $15000 $20.000 d $25.000 e D200,000 4 in May 2019, Preston purchases 5.vear MACRS property costing $150,000 and 7-year MACRS property costing SUUUU Preston's income is $100,000 Preston does not want to claim bonus depreciation If Preston wishes to maximize his total 2019 cost recovery deduction, what will his total cost recovery deduction be on the properties purchased in 2019 a $100,000 b $122.000 c. $210,000 d $42.000 e $34,430 5 Which of the following would be allowed for a depreciation deduction under MACRS? Inventory Land acquired as an investment Residence used as rental property Airplane used by company controller to attend accounting conference IV a Only statement illis correct b. Only statement IV is correct C Statements ill and I are correct d Statements II, III, and I are correct e. All of the assets are depreciable