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Please give the process 9. Section 179. (Obj. 2) In May 2016, Riddick Enterprises placed in service new 7-year pro the only tw costing $512,000

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9. Section 179. (Obj. 2) In May 2016, Riddick Enterprises placed in service new 7-year pro the only tw costing $512,000 and new 5-year property costing $512,000. These aret roperties Riddick placed in service during the year. Riddick does not elect out of o taki onus depreciation. Riddick's taxable income before deducting Section 179 expe (but after all other expenses, including depreciation expense) is $1,000,000. Compute Riddick's total depreciation expense deduction assuming Riddick uses a. MACRS and elec ts to take the maximum Section 179 expense on the 5-year propery, Compute Riddick's total depreciation expense deduction assuming Riddick uses regular MACRS and elects to take the maximum Section 179 expense on the 7-year property. b. c. Which choice results in the largest total depreciation deduction? Comment on your answers to Parts a. and b. 10. MACRS, Section 179. (Objs. 1 and 2) The Redwood Company a col acquired the following new nron erti

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