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Alyssa acquired and placed in service $720,000 of equipment on August 1, 2016 for use in her sole…

by | Sep 9, 2023 | accounting

Alyssa acquired and placed in service $720,000 of equipment on
August 1, 2016 for use in her sole proprietorship. The equipment is
5-year recovery property. No other acquisitions are made during the
year. Alyssa elects to expense the maximum amount under Sec.
179.

What is Alyssa’s total deduction for the year (including Sec.
179 and depreciation)?

  

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