Littman LLC Placed in Service on July 29, 2020, Machinery

question 89

Multiple Choice

Littman LLC placed in service on July 29, 2020, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000. Which of the following statements is true to maximize Littman's total depreciation deduction for 2020? (Use MACRS Table 1.)

• A)Littman should take §179 expense equal to the maximum $1,040,000.
• B)Littman should take no §179 expense.
• C)Littman's §179 expense will be greater than $100,000.
• D)Littman's §179 expense will be less than $100,000.
• E)None of the choices are correct.

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Definitions:

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The impact of fertilizers on promoting plant growth, health, and yield, typically assessed through scientific experiments.

Wilcoxon Rank-sum Test

A nonparametric statistical test used to compare the medians of two independent samples, especially when the data are not normally distributed.

Kruskal-Wallis Test

A method that does not rely on parameter assumptions to determine if samples come from the same distribution, employed when the conditions for ANOVA are not satisfied.