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Greta, a Calendar-Year Taxpayer, Acquires 5-Year Tangible Personal Property in 2014

Question 20

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Greta, a calendar-year taxpayer, acquires 5-year tangible personal property in 2014 and places the property in service on the following schedule:
Greta, a calendar-year taxpayer, acquires 5-year tangible personal property in 2014 and places the property in service on the following schedule: Greta elects to expense the maximum under Section 179, and selects the property placed into service on November 8. Her business 's taxable income before section 179 is $190,000. What is the total cost recovery deduction (depreciation and Sec. 179)for 2014? Greta elects to expense the maximum under Section 179, and selects the property placed into service on November 8. Her business 's taxable income before section 179 is $190,000. What is the total cost recovery deduction (depreciation and Sec. 179)for 2014?

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