What is the maximum depreciation expense

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Question - Chester, Inc. purchased and placed in service the following items in 2020:

Apartment Building In-service 10/15 $1,500,000

Office Furniture In-service 6/30 $20,000

Printer In-service 11/25 $3000

Parking Lot In-service 7/25 $55,000

Chester's taxable income before any depreciation expense (including bonus and §179) is $60,000. What is the maximum depreciation expense Chester, Inc. can take, including accelerated depreciation?

a. $37,120

b. $89,370

c. $60,000

d. None of these

e. $17,153

Reference no: EM132612864

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