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Homework answers / question archive / Yodle Corp bought a production machine on January 1, 2018 for $31,250

Yodle Corp bought a production machine on January 1, 2018 for $31,250

Taxation

Yodle Corp bought a production machine on January 1, 2018 for $31,250. The company did not elect Section 179 expensing and elected out of claiming bonus depreciation in 2018, and is depreciating the machine using the MACRS accelerated depreciation tables for 5-year property. What is the 2020 depreciation (Year 3) deduction for the machine?

a) $6,250

b) $10,000

c) $12,500

d) $6,000

e) None of these choices are correct.

Option 1

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