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Compute riddicks total depreciation expense deduction

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In May 2015, Riddick Enterprises placed in service new 7-year property costing $100,000 and new 5-year property costing $100,000. These are the only two properties Riddick placed in service during the year. Riddick's taxable income before deducting Section 179 expense (but after all other expenses, including depreciation expense) is $1,000,000.

Question A. Compute Riddick's total depreciation expense deduction assuming Riddick uses regular MACRS and elects to take the maximum Section 179 expense on the 5- year property.

Question B. Compute Riddick's total depreciation expense deduction assuming Riddick uses regular MACRS and elects to take the maximum Section 179 expense on the 7- year property.

Question C. Which choice results in the largest total depreciation deduction? Comment on your answers to part A and B.

Reference no: EM132462107

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