4) Maria, a calendar-year taxpayer, acquires 5-year tangible personal property in 2020 and places the property in service on the following schedule: Date placed in service January 15 May 25 November 18 Acquisition Cost $ 7,000 $10,000 $1,048,000 Maria elects to expense the maximum under Sec. 179, and selects the property placed into service on November 18 for Sec. 179 expensing. She elects out of bonus depreciation. Her business's taxable income before Sec. 179 is $1,790,000. What is the total cost recovery deduction (depreciation and Sec. 179) for 2020?

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Particulars a b C a b d Section Property Cost of Assets 179 Elect... View the full answer