Greta, a calendar- year taxpayer, acquires 5- year tangible personal property in 2018 and places the property in service on the following schedule: Greta elects to expense the maximum under Sec. 179, and selects the property placed into service on November 8 property is not eligible for bonus depreciation. Her business's taxable income before Sec. 179 is $790,000. What is total cost recovery deduction (depreciation and Sec. 179) for 2018?

Question

Greta, a calendar- year taxpayer, acquires 5- year tangible personal property in 2018 and places the property in service on the following schedule:  Greta elects to expense the maximum under Sec. 179, and selects the property placed into service on November 8 property is not eligible for bonus depreciation. Her business's taxable income before Sec. 179 is $790,000. What is total cost recovery deduction (depreciation and Sec. 179) for 2018?

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The Answer of Greta, a calendar- year taxpayer, acquires 5- year tangible personal property in 2018 and places the property in service on the following schedule:  Greta elects to expense the maximum under Sec. 179, and selects the property placed into service on November 8 property is not eligible for bonus depreciation. Her business's taxable income before Sec. 179 is $790,000. What is total cost recovery deduction (depreciation and Sec. 179) for 2018?

Greta, a Calendar- Year Taxpayer, Acquires 5- Year Tangible Personal