Multiple Choice
Watson Company purchases used equipment (5-year MACRS property) for $550,000 on July 8,2016.What is Watson' maximum allowable cost recovery deduction for 2016 on the equipment if this is the only purchase of equipment for 2016?
A) $510,000
B) $542,000
C) $539,000
D) $542,500
E) $549,000
Correct Answer:
Verified
Correct Answer:
Verified
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