Audra acquires the following new five-year class property in 2018:

Audra elects § 179 treatment for Asset C.Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction.Audra does not claim any available additional first-year depreciation deduction.Determine her total cost recovery deduction including the § 179 deduction) for the year.

Question

Audra acquires the following new five-year class property in 2018:
 
  Audra elects § 179 treatment for Asset C.Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction.Audra does not claim any available additional first-year depreciation deduction.Determine her total cost recovery deduction including the § 179 deduction) for the year.

Quizplus · Accepted Answer

The Answer of Audra acquires the following new five-year class property in 2018:
 
  Audra elects § 179 treatment for Asset C.Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction.Audra does not claim any available additional first-year depreciation deduction.Determine her total cost recovery deduction including the § 179 deduction) for the year.

Audra Acquires the Following New Five-Year Class Property in 2018