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Sanjuro Corporation (A Calendar-Year Corporation)purchased and Placed in Service the Following

Question 14

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Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2014: Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2014:   All assets are used 100% for business use.The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000.The corporation has $3,000,000 income from operations before calculating depreciation deductions.Sanjuro Corporation made whatever elections were necessary to maximize its overall depreciation deduction for 2014.To maximize its total cost recovery deduction,what was Sanjuro Corporation's cost recovery deduction for the automobile for 2014? A) $3,160 B) $3,360 C) $11,160 D) $11,360 All assets are used 100% for business use.The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000.The corporation has $3,000,000 income from operations before calculating depreciation deductions.Sanjuro Corporation made whatever elections were necessary to maximize its overall depreciation deduction for 2014.To maximize its total cost recovery deduction,what was Sanjuro Corporation's cost recovery deduction for the automobile for 2014?


A) $3,160
B) $3,360
C) $11,160
D) $11,360

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