Multiple Choice
Sophie owns an unincorporated manufacturing business.In 2016,she purchases and places in service $2,017,000 of qualifying five-year equipment for use in her business.the equipment does not qualify for bonus depreciation.Her taxable income from the business before any Sec.179 deduction is $450,000.Sophie's elects to expense the maximum under Sec.179.What is Sophie's maximum total cost recovery deduction for 2016?
A) $403,400
B) $450,000
C) $754,800
D) $797,800
Correct Answer:
Verified
Correct Answer:
Verified
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