Business, 24.05.2021 22:50 shezelleramadoo3451
Chahana acquired and placed in service $1,185,000 of equipment on August 1, 2019 for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the year. Chahana elects to expense the maximum amount under Sec. 179, and bonus depreciation is not applied. Chahana's total deductions for 2019 (including Sec. 179 and depreciation) are:.
A) $1,020,000.
B) $237,000.
C) $1.185,000.
D) $1,053,000
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Chahana acquired and placed in service $1,185,000 of equipment on August 1, 2019 for use in her sole...
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