Question: Patel packaging systems purchased new sorting hardware in 2021 at a cost of $328,000 the hardware is in the 5 year MACRS class. the depreciation
Patel packaging systems purchased new sorting hardware in 2021 at a cost of $328,000 the hardware is in the 5 year MACRS class. the depreciation allowance percentages are 20,32,19.2,11.52,11.52 and 5.76 in year 1 through 6 respectively . if the firm opts to employ the bonus depreciation method , what's the max amount of depreciation expense the firm can claim in year 1?
a. 164,000
b. 65,600
c.54,667
d.170,560
e.328,000
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