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Author Question: Sophie owns an unincorporated manufacturing business. In 2016, she purchases and places in service ... (Read 80 times)

maychende

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Sophie owns an unincorporated manufacturing business. In 2016, she purchases and places in service $2,017,000 of qualifying five-year equipment for use in her business. the equipment does not qualify for bonus depreciation. Her taxable income from the business before any Sec. 179 deduction is $450,000. Sophie's elects to expense the maximum under Sec. 179. What is Sophie's maximum total cost recovery deduction for 2016?
◦ $403,400
◦ $450,000
◦ $754,800
◦ $797,800


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Marked as best answer by maychende on Sep 13, 2020

Chou

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maychende

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Reply 2 on: Sep 13, 2020
Excellent


dantucker

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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