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Determine the total deductions

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Question - Tan Corporation acquired a new machine (10-year property) on January 15, 2017 at a cost of $200,000. Tan also acquires another new machine (7-year property) on March 5, 2017, at a cost of $40,000. The company does not make the section 179 election and elects out of Bonus Depreciation. At the end of 2018, Tan still owns both machines. Determine the total deductions related to these machines for 2017 and 2018.

Reference no: EM133110692

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