Greta, a calendar-year taxpayer, acquires 5-year tangible personal property in 2015 and places the property in service on the following schedule: Greta elects to expense the maximum under Section 179, and selects the property placed into service on November 8. Her business 's taxable income before section 179 is $190,000. What is the total cost recovery deduction (depreciation and Sec. 179) for 2015?

Question

Greta, a calendar-year taxpayer, acquires 5-year tangible personal property in 2015 and places the property in service on the following schedule:  Greta elects to expense the maximum under Section 179, and selects the property placed into service on November 8. Her business 's taxable income before section 179 is $190,000. What is the total cost recovery deduction (depreciation and Sec. 179) for 2015?

Quizplus · Accepted Answer

The Answer of Greta, a calendar-year taxpayer, acquires 5-year tangible personal property in 2015 and places the property in service on the following schedule:  Greta elects to expense the maximum under Section 179, and selects the property placed into service on November 8. Her business 's taxable income before section 179 is $190,000. What is the total cost recovery deduction (depreciation and Sec. 179) for 2015?

Greta, a Calendar-Year Taxpayer, Acquires 5-Year Tangible Personal Property in 2015