Mikhail chordan purchased a piece of gold furniture worth

Reference no: EM13597423

Mikhail Chordan purchased a piece of gold furniture worth $278,000 for his office on October 15, 2012. Assuming (i) Mikhail has plenty of taxable income from his trade or business, (ii) he purchased no other assets in 2012, and (iii) he wants to maximize his depreciation expense by electing Section 179, how much total depreciation expense (including Section 179 expense and bonus depreciation) can he deduct in 2012?

Reference no: EM13597423

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