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Mr.c purchased office furniture costing 10000. the furniture has an ADR midpoint life of 10 year and is 7 year property under the MACRS rules.
Mr.c purchased office furniture costing 10000. the furniture has an ADR midpoint life of 10 year and is 7 year property under the MACRS rules. Mr.c purchased no other assets during 2014 and did not elect a Sec. 179 deduction or bonus depreciation. What is C's maximum amount of depreciation deduction for 2016?
a. 1429
b.1440
c.1676
d.1749
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