ABC Inc. acquired the following five-year class assets in 2022:a. Asset A - January 10- $106,000b. Asset B - July 5 - $70,000c. Asset C - September 15 - $2,424,000ABC, Inc. elects the maximum §179 expense deduction (assume sufficient income toabsorb the §179 deduction in 2022) and no bonus depreciation. What is the depreciationexpense in 2022 with respect to these assets?

Answer rating: 100% (QA)

The maximum Section 179 expense deduction for tax year 2022 is 110000 This means that ABC Inc can e... View the full answer