Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2017: All assets are used 100% for business use. The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000. The corporation has $3,000,000 income from operations before calculating depreciation deductions. Sanjuro Corporation made whatever elections were necessary to maximize its overall depreciation deduction for 2017.
What was Sanjuro Corporation's maximum total cost recovery deduction for 2017?
A) $512,550
B) $1,220,972
C) $1,731,707
D) $2,175,000
Correct Answer:
Verified
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