Mary Purchased a New Five-Year Class Asset on March 7,2015

question 22

Multiple Choice

Mary purchased a new five-year class asset on March 7,2015.The asset was listed property (not an automobile) .It was used 60% for business and the rest of the time for personal use.The asset cost $900,000.Mary made the § 179 election.The income from the business before the § 179 deduction was $600,000.Mary also takes additional first-year depreciation (if available) .Determine the total deductions with respect to the asset for 2015.

• A)$72,000
• B)$271,600
• C)$524,000
• D)$600,000
• E)None of the above

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