Solved

On November 7, 2019, Wilson Corporation, a Calendar-Year Taxpayer, Acquires

Question 45

Multiple Choice

On November 7, 2019, Wilson Corporation, a calendar-year taxpayer, acquires 7-year property for $2,650,000.This is the only property acquired this year.Section 179 expensing is elected, without application of bonus depreciation.What is the maximum deduction allowable under Section 179 for Wilson for 2019?


A) $920,000
B) $1,020,000
C) $2,550,000
D) $2,650,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions