Rex's Wrecks purchased $1,650,000 i new equipment, year property) during 2022. Rex wants to use Section 179 to expense the maximum amount of the purchase. Assuming no limitations due to net income restrictions, Rex can expense________ under Section 179, S_____ in bonus depreciation, and S_______ in regular MACRS depreciation (rounded to nearest dollar)

Rex's Wrecks purchased $1,650,000 i new equipment, year property) during 2022. Rex wants to use Section 179 to expense the maximum amount of the purchase. Assuming no limitations due to net income restrictions, Rex can expense______ under Section 179, S_ in bonus depreciation, and S_____ in regular MACRS depreciation (rounded to nearest dollar)

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 37P

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