Tan company acquires a new machine (ten-year property) on january 15, 2017, at a cost of $200,000. tan also acquires another new machine (seven-year property) on november 5, 2017, at a cost of $40,000. no election is made to use the straight-line method. the company does not make the § 179 election and elects to not take additional first-year depreciation. determine the total deductions in calculating taxable income related to the machines for 2017.
a. $24,000
b. $25,716
c. $102,000
d. $132,858
e. none of the above
Answers: 3
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Tan company acquires a new machine (ten-year property) on january 15, 2017, at a cost of $200,000. t...
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