Multiple Choice
On November 7, 2018, Wilson Corporation, a calendar-year taxpayer, acquires 7-year property for $1,090,000. This is the only property acquired this year. Section 179 expensing is elected, without application of bonus depreciation. What is Wilson's total depreciation deduction for 2018?
A) $510,000
B) $1,000,000
C) $1,003,213
D) $1,090,000
Correct Answer:
Verified
Correct Answer:
Verified
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