Delta Freight Company purchases 10 delivery vans on April 4,2016,at a total cost of $366,000.Delta uses the regular MACRS system on all of its delivery vans (the delivery vans are 5-year MACRS property and are not limited by listed property rules).Delta's annual income is $15,000 before the depreciation deduction.What is Delta's maximum cost recovery deduction on the vans in 2016?
A)$15,000
B)$69,200
C)$73,200
D)$85,200
E)$91,200

Question

Quizplus · Accepted Answer

The Answer of Delta Freight Company purchases 10 delivery vans on April 4,2016,at a total cost of $366,000.Delta uses the regular MACRS system on all of its delivery vans (the delivery vans are 5-year MACRS property and are not limited by listed property rules).Delta's annual income is $15,000 before the depreciation deduction.What is Delta's maximum cost recovery deduction on the vans in 2016?
A)$15,000
B)$69,200
C)$73,200
D)$85,200
E)$91,200

Delta Freight Company Purchases 10 Delivery Vans on April 4,2016,at