1. Fariq purchases and places in service in 2017 personal
property costing? $2,051,000. The property does not qualify for
bonus depreciation. What is the maximum Sec. 179 deduction that
Fariq can? deduct, ignoring any taxable income? limitation?
A. $479,000
B. ?$510,000
C. $0
D. ?$489,000
2. Chahana acquired and placed in service? $665,000 of equipment
on August? 1, 2017 for use in her sole proprietorship. The
equipment is 5?year recovery property. No other acquisitions are
made during the year. Chahana...