In 2023, Hendex Home Furnishings, a calendar-year manufacturer of furniture, has taxable income before depreciation of...

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In 2023, Hendex Home Furnishings, a calendar-year manufacturer of furniture, has taxable income before depreciation of $1,350,000. Hendex also purchased the following assets for use in its business during the year. Date Asset Cost February 9 Warehouse building $1,600,000 February 9 Warehouse land 400,000 March 15 Office equipment 620,000 June 3 Tools and saws 1,120,000 October 20 Delivery trucks 1,280,000 With respect to these assets, what is the maximum deduction under Section 179 that Hendex Home Furnishings may claim in 2023? In 2023, Hendex Home Furnishings, a calendar-year manufacturer of furniture, has taxable income before depreciation of $1,350,000. Hendex also purchased the following assets for use in its business during the year. Date Asset Cost February 9 Warehouse building $1,600,000 February 9 Warehouse land 400,000 March 15 Office equipment 620,000 June 3 Tools and saws 1,120,000 October 20 Delivery trucks 1,280,000 With respect to these assets, what is the maximum deduction under Section 179 that Hendex Home Furnishings may claim in 2023?

Answer rating: 100% (QA)

To determine the maximum deduction under Section 179 for the assets purchased by Hendex Home Furnish... View the full answer