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Determine the total deductions in calculating taxable income

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Question - Tan co. acquires a new machine (ten-year property) on Jan 15, 2014, at a cost of $200,000. Tan also acquires another new machine (seven-year Property) on Nov 5, 2014 at a cost of $40,000. NO election is made to straight-line method. The company does not make the section 179 election. Tan elects to not take additional first-year depreciation. Determine the total deductions in calculating taxable income related to the machines for 2014?

Reference no: EM132031496

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