Multiple Choice
Martin Corporation acquired 5-year property costing $2,185,000 on September 10, 2018. This is the only property acquired this year and Martin elects to expense the maximum amount under Section 179 and bonus depreciation. Martin's total cost recovery deduction for 2018 is:
A) $542,000
B) $510,000
C) $2,185,000
D) $1,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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