Multiple Choice
On January 1,2017,Sandy,a sole proprietor,purchased for use in her business a used production machine (7-year property) at a cost of $4,000.Sandy does not purchase any other property during 2017 and has net income from her business of $80,000.If the standard recovery period table would allow $572 of depreciation expense on the $4,000 of equipment purchased in 2017,what is Sandy's maximum depreciation deduction including the Section 179 election to expense (but not bonus depreciation) for 2017?
A) $572
B) $4,000
C) $4,572
D) $25,000
E) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
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