During the year 2023, a calendar-year taxpayer, Marvelous Mu…
During the year 2023, a calendar-year taxpayer, Marvelous Munchies, a chain of specialty food shops, purchased equipment as follows:Assume the property is all 5-year property. What is the maximum depreciation that may be deducted for the assets this year, 2023, assuming Sec. 179 expensing and bonus depreciation are not claimed?