Duke Company purchased $1,444,000 of new business equipment on July 11, 2022. This was Duke’s only asset purchase for the 2022 tax year. Compute Duke’s total tax depreciation deduction for this 7 year property for 2022 if their objective is to minimize their tax liability.
a. $1,444,000
b. $206,348
c. $288,800
d. $206,286