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What is the maximum amount of expense

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Question - SLOAN-GREY Corporation (calendar year end) has 2019 taxable income of $904,280 before the §179 expense. During 2019 SLOAN-GREY acquired the following assets:

Asset

Placed in Service

Basis

Machinery

September 12

$1,779,181

Computer Equipment

February 10

1,703,601

Office Building

April 2

1,101,892

Required - What is the maximum amount of §179 expense SLOAN-GREY may deduct for 2019?

Reference no: EM132601587

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