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  1. business
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  3. a company has purchased $2,360,000 in section 179-

A company has purchased $2,360,000 in Section 179-qualifying property during the year. In addition to...

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Accounting

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A company has purchased $2,360,000 in Section 179-qualifying property during the year. In addition to using the Section 179 expense deduction, it wishes to use 50% bonus depreciation. Being in the offshore oil and gas business, all such assets are MACRS 5- year property. What will be the tax savings in year 1 as compared to simple MACRS depreciation without Section 179 and 50% bonus depreciation? $282.240 O $306,000 $336,000 O $186,000 A company has purchased $2,360,000 in Section 179-qualifying property during the year. In addition to using the Section 179 expense deduction, it wishes to use 50% bonus depreciation. Being in the offshore oil and gas business, all such assets are MACRS 5- year property. What will be the tax savings in year 1 as compared to simple MACRS depreciation without Section 179 and 50% bonus depreciation? $282.240 O $306,000 $336,000 O $186,000

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