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Mainstream Company purchased depreciable equipment in 2016 for $119,000 and claimed a Sec. 179 deduction of...

Mainstream Company purchased depreciable equipment in 2016 for $119,000 and claimed a Sec. 179 deduction of $112,000 but no bonus depreciation. The equipment qualified as 5-year property under MACRS. Mainstream sold all of this equipment on June 30, 2017. What is the amount of Mainstream's MACRS deduction for 2015? A. $0 B. $1,120 C. $2,240 D. $4,480

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