Multiple Choice
Chahana acquired and placed in service $665,000 of equipment on August 1,2016 for use in her sole proprietorship.The equipment is 5-year recovery property.No other acquisitions are made during the year.Chahana elects to expense the maximum amount under Sec.179.Assuming the property does not qualify for bonus depreciation,Chahana's total deductions for the year (including Sec.179 and depreciation) are
A) $500,000.
B) $133,000.
C) $633,000.
D) $533,000.
Correct Answer:

Verified
Correct Answer:
Verified
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