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v Question Completion Status: GRD Corporation has put several assets in service this year and wants to make the section 179 election that would
v Question Completion Status: GRD Corporation has put several assets in service this year and wants to make the section 179 election that would maximize the total cost recovery for the year. Which of the following is not true? OA. Apply the section 179 deduction to the asset with the longest life usually results in the biggest 179 deduction. OB. Apply the section 179 deduction to the asset with the shortest life usually results in the biggest 179 deduction i OC. Apply the section 179 deduction to the additions of used depreciable assets O D. Apply the section 179 deduction to the 4th quarter equipment may help avoid mid-quarter convention O E. Section 179 can be applied to multiple assets. QUESTION 2 CPA Question: Suvi, Inc. purchased two assets during the current year. It placed in service computer equipment (5- Year property) on August 10th with a basis of $20,000 and machinery (7-year property) on November 18th with a basis of $10,000. Calculate the maximum depreciation expense, rounded to a whole number (ignoring section 179 and bonus expensing): OA. 857 OB. 3,357 O C. 5,429 O D.6,000
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