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QUESTION 1 On January 1, 2019, Sandy, a sole proprietor, purchased for use in her business a used production machine (7-year property) at a cost

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QUESTION 1 On January 1, 2019, Sandy, a sole proprietor, purchased for use in her business a used production machine (7-year property) at a cost of $4,000. Sandy does not purchase any other property during 2019 and has net income from her business of $80,000. If the standard recovery period table would allow $572 of depreciation expense on the $4,000 of equipment purchased in 2019, what is Sandy's maximum depreciation deduction including the Section 179 election to expense (but not bonus depreciation) for 2019? a. $572 b. $4,000 c. $4,572 d. $25,000 e. None of the above

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