Mary purchased one asset – equipment - for her business during the year on January 6, 2021. The asset’s cost was $1,850

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answerhappygod
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Mary purchased one asset – equipment - for her business during the year on January 6, 2021. The asset’s cost was $1,850

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Mary purchased one asset – equipment - for her business during
the year on January 6, 2021. The asset’s cost was
$1,850,000. The property will be depreciated over ten years
on a straight-line basis. Assuming Mary makes a Section 179
election, what is her total 179 expense plus depreciation expense
on this asset during 2021?
$185,000
$1,050,000
$1,090,000
$1,123,000
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