Sorensen Corporation purchases equipment in 2017 for $200,000.Sorensen has substantial taxable income and desires to minimize this amount to the fullest extent possible.How much can Sorensen deduct under Section 179?

Question

Quizplus · Accepted Answer

In 2017, the maximum deduction limit under Section 179 was $510,000, so Sorensen Corporation can deduct the full cost of the equipment, which is $200,000.

Sorensen Corporation Purchases Equipment in 2017 for $200,000