What Is the Maximum Amount That Can Be Spent on Depreciable

question 76

Multiple Choice

What is the maximum amount that can be spent on depreciable personalty in the last quarter of the year to avoid the mid-quarter convention if $240,000 of equipment was purchased in the first three quarters (and neither Sec.179 nor bonus depreciation is claimed) ?

• A)$80,000
• B)$968,000
• C)$160,000
• D)$240,000