In 2017, Christa purchased and placed into service five-year assets at a total cost of $2,290,000. If
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In 2017, Christa purchased and placed into service five-year assets at a total cost of $2,290,000. If Christa elects both the § 179 deduction and additional first-year (bonus) depreciation, but does not elect the straight-line method, what is Christa’s depreciation expense for tax purposes for the year, assuming a half-year convention?
a. $250,000
b. $510,000
c. $1,270,000
d. $1,474,000
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Related Book For
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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