On July $15,2023$ Macgyver purchased office furniture to be used in his business for $$50,000.$ In addition, on October $15,2023$ Macgyver purchased computers to be used in his business for $$40,000.$ Macgyver did not elect to expense any of the assets using $179,$ nor did he elect to take bonus depreciation or use straight$-$line depreciation. Determine Macgyver's total depreciation expense deduction for these business assets for $2023.$

Answer rating: 100% (QA)

To determine Macgyvers total depreciation expense deduction for the business assets purchased in 202... View the full answer