1. In October, 2022 Tyra purchased 5-year recovery property for her business for $3,000,000. Tyra elected to use the Sec. 179 deduction, but not bonus depreciation. What is Tyra's depreciation deduction on the computer this year?

2. In April, Alexis acquired a machine for $100,000 for use in her business. The machine is classified as 7-year property. Alexis does not expense the asset under Sec. 179 nor does she choose to deduct first year additional depreciation.  Calculate Alexis' depreciation on the machine this year .

Answer rating: 100% (QA)

1 Since Tyra elected to use Sec 179 deduction she can expense up to 1050000 of the cost of the recov... View the full answer