Question: Item5 eBook References Check my work Check My Work button is now enabledItem 5 Item 5 Michael is the sole proprietor of a small business.

Item5 eBook References Check my work Check My Work button is now enabledItem 5 Item 5 Michael is the sole proprietor of a small business. In June 2017, his business income is $12,000 before consideration of any 179 deduction. He spends $245,000 on furniture and equipment in 2017. If Michael elects to take the 179 deduction and no bonus on a conference table that cost $25,000 (included in the $245,000 total), determine the maximum cost recovery for 2017 with respect to the conference table:

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