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In 2023, Hendex Home Furnishings, a calendar-year manufacturer of furniture, has taxable income before depreciation of $1,350,000. Hendex also purchased the following assets for
In 2023, Hendex Home Furnishings, a calendar-year manufacturer of furniture, has taxable income before depreciation of $1,350,000. Hendex also purchased the following assets for use in its business during the year. Date Asset Cost February 9 Warehouse building $1,600,000 February 9 Warehouse land 400,000 March 15 Office equipment 620,000 June 3 Tools and saws 1,120,000 October 20 Delivery trucks 1,280,000 With respect to these assets, what is the maximum deduction under Section 179 that Hendex Home Furnishings may claim in 2023?
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