In 2018, Henry purchases $210,000 of equipment with a useful life of 7 years. The taxable income of the business before any Section 179 deduction is $100,000. Henry elects not to take bonus depreciation. What is Henry's maximum depreciation deduction in 2018?
A) $-0-
B) $42,865
C) $100,000
D) $210,000
E) $115,719
Correct Answer:
Verified
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