During the year 2018, a calendar- year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased equipment as follows: Assume the property is all 5- year property. What is the maximum depreciation that may be deducted for the assets this year, 2018, assuming Sec. 179 expensing and bonus depreciation are not claimed?

Question

During the year 2018, a calendar- year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased equipment as follows:  Assume the property is all 5- year property. What is the maximum depreciation that may be deducted for the assets this year, 2018, assuming Sec. 179 expensing and bonus depreciation are not claimed?

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The Answer of During the year 2018, a calendar- year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased equipment as follows:  Assume the property is all 5- year property. What is the maximum depreciation that may be deducted for the assets this year, 2018, assuming Sec. 179 expensing and bonus depreciation are not claimed?

During the Year 2018, a Calendar- Year Taxpayer, Marvelous Munchies