Sid bought a new $700,000 seven-year class asset on August 2,2011.On December 2,2011,he purchased $160,000 of used five-year class assets.Sid elects not to take additional first-year depreciation.If Sid elects § 179,what is the maximum write-off for these purchases for 2011?

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The Answer of Sid bought a new $700,000 seven-year class asset on August 2,2011.On December 2,2011,he purchased $160,000 of used five-year class assets.Sid elects not to take additional first-year depreciation.If Sid elects § 179,what is the maximum write-off for these purchases for 2011?

Sid Bought a New $700,000 Seven-Year Class Asset on August