4. A client placed $4,500,000 of five-year equipment into service in January 2023. Because taxable income is more than $10,000,000, she would like to maximize this year's depreciation deduction. The largest deduction allowed is A) $3,780,000. B) $900,000. C) $3,600,000. D) $1,160,000.
4. A client placed $4,500,000 of five-year equipment into service in January 2023. Because taxable income is more than $10,000,000, she would like to maximize this year's depreciation deduction. The largest deduction allowed is A) $3,780,000. B) $900,000. C) $3,600,000. D) $1,160,000.
Chapter21: Partnerships
Section: Chapter Questions
Problem 55P
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Transcribed Image Text:4. A client placed $4,500,000 of five-year equipment into service in January 2023.
Because taxable income is more than $10,000,000, she would like to maximize this year's
depreciation deduction. The largest deduction allowed is
A) $3,780,000.
B) $900,000.
C) $3,600,000.
D) $1,160,000.
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