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Raelene runs a small business. For 2021 she has business income of 230,000. During 2021, she purchased $100,000 of 5 year asset equipment. She elects
Raelene runs a small business. For 2021 she has business income of 230,000. During 2021, she purchased $100,000 of 5 year asset equipment. She elects to take $50,000 as a 179 deduction, but she elects not to take any additional first-year (Bonus) depreciation. What is Raelenes cost recovery deduction (179 plus MACRS) for 2021 in relation to these assets? Round your answer to the nearest dollar, and assume half-year convention.
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