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What is thor total depreciation deduction

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Reference no: EM132019817

Question - Thor acquired a machine at a cost of $27,000 for use in his business, and he placed it in service on April 1, 2014. The machine is depreciated under MACRS, with a 7-year recovery period. This machine was the only asset Thor purchased this year. Thor elects to expense $25,000 of the acquisition cost under Tax Code Section 179. What is Thor's total depreciation deduction for the machine in 2014?

A) $28,858

B) $286

C) $25,286

D) $3,858

Reference no: EM132019817

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