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What is the total depreciation expense for the taxpayer

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Question - Green Bank Corporation claimed $300,000 in Sec. 179 expense and $200,000 in bonus depreciation in 2019 and the following is the remaining basis for each asset purchased in 2019 after applying Sec. 179 and bonus depreciation: Desks and chairs purchased on March 15, remaining basis: $150,000 Computers purchased on April 3, remaining basis: $250,000.

What is the total depreciation expense for the taxpayer in 2019?

I. $500,000

II. $557,160

III. $565,725

IV. $580,000

V. None of the above

Reference no: EM132516864

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