Question
In May 2017, Preston purchases 5-year MACRS property costing $150,000 and 7-year MACRS property costing $60,000. Preston's income is $100,000. If Preston wishes to maximize
In May 2017, Preston purchases 5-year MACRS property costing $150,000 and 7-year MACRS property costing $60,000. Preston's income is $100,000. If Preston wishes to maximize his total 2017 costing recovery deduction, what will his total cost recovery deduction be on the properties purchased in 2017?
A. $100,000
B. 122,000
C. $210,000
D. $42,000
E. $34,430
THE CORRECT ANSWER IS B, PLEASE SHOW THE WORKS HOW TO GET THIS ANSWER!!!!
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Cost Benefit Analysis Concepts And Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th Edition
1108401295, 978-1108401296
