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James bought and placed in service computer equipment in 2021. He paid $15,000 cash and received a $3,000 trade-in allowance for his old computer
James bought and placed in service computer equipment in 2021. He paid $15,000 cash and received a $3,000 trade-in allowance for his old computer equipment. James had an adjusted basis of $4,000 in the old computer equipment. He used both the old and new computer equipment 90% for business and 10% for personal purposes. His allowable Sec. 179 expense deduction is O A. $13,500 O B. $17,100 O C. $15,000 O D. $16,200
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