Fred Purchases and Places in Service in 2015 Personal Property

question 15

Multiple Choice

Fred purchases and places in service in 2015 personal property costing $221,000.What is the maximum Sec.179 deduction that Fred can deduct,ignoring any taxable income limitation?

• A)$25,000
• B)$21,000
• C)$4,000
• D)$200,000