Question: Help please accounting for small business Saved Help Save & Exit Subm Halford Incorporated, a calendar year taxpayer, had over $6 million taxable income in

Help please accounting for small business

Saved Help Save & Exit Subm Halford Incorporated, a calendar year taxpayer, had over $6 million taxable income in 2021. Halford purchased machinery costing $1,345,000. The equipment has a 7-year recovery period and was placed in service on November 16. If Halford made the Section 179 election with respect to the machinery, what is Halford's 2021 total cost recovery deduction. O Multiple Choice $0 O $1,050,000 $1,345,000 None of the above are correct

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