Xavier bought furniture and fixtures (7-year property) on September 15, 2019 for $1,025,000. He elects to expense as much as possible under Section 179 but does not elect the 100% bonus. Xavier's earned income for the year is $1,200,000. What is the maximum deduction Xavier can take in 2019 for the equipment?

Answer rating: 100% (QA)

Furniture Cost 1025000 Here taxable income is 1200000 As per Section 179 Total Ma... View the full answer