In 2016,Henry purchases $210,000 of equipment with a useful life of 7 years.The taxable income of the business is $100,000.What is Henry's maximum depreciation deduction in 2016?
A)$-0-
B)$42,865
C)$100,000
D)$210,000
E)$115,719

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The Answer of In 2016,Henry purchases $210,000 of equipment with a useful life of 7 years.The taxable income of the business is $100,000.What is Henry's maximum depreciation deduction in 2016?
A)$-0-
B)$42,865
C)$100,000
D)$210,000
E)$115,719

In 2016,Henry Purchases $210,000 of Equipment with a Useful Life