Multiple Choice
Pyle Inc.,a calendar year taxpayer,generated over $10 million taxable income in 2017.Pyle made one asset purchase: new transportation equipment costing $322,000.The equipment has a 5-year recovery period and was placed in service on February 9.Assuming that Pyle made the Section 179 election with respect to the equipment,compute Pyle's 2017 cost recovery deduction.
A) $193,200
B) $322,000
C) $64,400
D) $510,000
Correct Answer:
Verified
Correct Answer:
Verified
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