Nancy purchased new business computers (7-year property) in January for a total of $1,200,000. She plans to take advantage of §179 expensing and MACRS depreciation (but not first year additional depreciation). What is the total amount of her depreciation deduction?

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter8: Depreciation And Sale Of Business Property
Section: Chapter Questions
Problem 4MCQ: James purchased office equipment for his business. The equipment has a depreciable basis of $7,000...
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Nancy purchased new business computers (7-year property) in January for a total of $1,200,000.
She plans to take advantage of §179 expensing and MACRS depreciation (but not first year
additional depreciation). What is the total amount of her depreciation deduction?

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