Baker, Inc., purchases office furniture (7-year MACRS property) costing $1,031,000 and a computer system (5-year MACRS property)
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Question:
Baker, Inc., purchases office furniture (7-year MACRS property) costing $1,031,000 and a computer system (5-year MACRS property) costing $1,031,000 in 2019. Assume that Baker elects not to claim bonus depreciation.
Refer to the MACRS Depreciation Table to answer the following question.
Hint: Maximize the Section 179 election effect.
Note: Round all values to the nearest whole dollar.
The maximum cost-recovery deduction in 2019 is $.
Related Book For
Concepts in Federal Taxation 2017
ISBN: 9781305965119
24th edition
Authors: Kevin E. Murphy, Mark Higgins
Posted Date: