During the year 2017,a calendar-year taxpayer,Marvelous Munchies,a chain of specialty food shops,purchased equipment as follows:

Assume the property is all 5-year property,but does not qualify for bonus depreciation.What is the maximum depreciation that may be deducted for the assets this year,2017,assuming Sec.179 expensing is not elected?

Question

During the year 2017,a calendar-year taxpayer,Marvelous Munchies,a chain of specialty food shops,purchased equipment as follows:
  
Assume the property is all 5-year property,but does not qualify for bonus depreciation.What is the maximum depreciation that may be deducted for the assets this year,2017,assuming Sec.179 expensing is not elected?

Quizplus · Accepted Answer

The Answer of During the year 2017,a calendar-year taxpayer,Marvelous Munchies,a chain of specialty food shops,purchased equipment as follows:
  
Assume the property is all 5-year property,but does not qualify for bonus depreciation.What is the maximum depreciation that may be deducted for the assets this year,2017,assuming Sec.179 expensing is not elected?

During the Year 2017,a Calendar-Year Taxpayer,Marvelous Munchies,a Chain of Specialty