On June 1, 2017, AZ Construction Corporation places a $500,000 crane (7 year life) in...
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Accounting
On June 1, 2017, AZ Construction Corporation places a $500,000 crane (7 year life) in service. It placed no other assets in service during the year. What is the amount of AZ Construction's maximum depreciation deduction for the crane for 2017?
| a. | $0 | |
| b. | $100,000 | |
| c. | $250,000 | |
| d. | $450,000 | |
| e. | $500,000 |
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