The Ross CPA Firm Places the Following Property in Service

question 87

Multiple Choice

The Ross CPA Firm places the following property in service during the 2014 tax year: Ross wants to obtain the maximum possible depreciation deduction for these property acquisitions including full utilization of the election to expense property under Section 179. Ross will report 2014 taxable income in the amount of $20,000 before consideration of depreciation on their 2014 property acquisitions. What is Ross' maximum depreciation from these additions?

• A) $20,000
• B) $25,000
• C) $29,694
• D) $34,780
• E) $45,432

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