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Rodriguez Corporation Acquired 7-Year Property Costing $50,000 on October 1,2015

Question 31

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Rodriguez Corporation acquired 7-year property costing $50,000 on October 1,2015.This is the only property acquired this year and Rodriguez elects to expense the maximum amount under Section 179.Rodriguez's income before deducting depreciation is $20,000.What is the maximum amount that Rodriguez can deduction in 2015 for Section 179 expensing?


A) $10,000
B) $15,000
C) $20,000
D) $25,000

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