Indigo Company acquires a new machine (5-year MACRS property) on February 2, 2019 at a cost of $100,000. On November 18, 2019, Indigo also acquires office equipment (7-year MACRS property) at a cost of $50,000. Indigo does not make a § 179 expense election and chooses not to take additional first-year depreciation. What is Indigo’s total MACRS deduction for 2019?
A. $27,145.
B. $30,000.
C. $36,785.
D. $150,000.
Answer: A
You might also like to view...
Marketers usually limit their segmentation analysis to only one major variable
Indicate whether the statement is true or false
When a paralegal spends much of the day drafting adoption petitions, interviewing clients about child support and property, that paralegal is likely working in:
A) family law. B) general business matters. C) elder law. D) none of the choices.
Leading is the process of setting deadlines and making plans to achieve goals.
Answer the following statement true (T) or false (F)
Finn wants to incorporate his game store as GameZ, Inc., and files the name with the Idaho secretary of state. Filing will protect the name
A. only within Idaho. B. throughout the Pacific Northwest. C. throughout the United States. D. throughout North America.