Multiple Choice
Pyle Inc., a calendar year taxpayer, generated over $10 million taxable income in 2013. 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 2013 cost recovery deduction.
A) $193,200
B) $322,000
C) $64,400
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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