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Amy, a sole proprietor purchased used office equipment for $12,000 in 2016 for his business....

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Accounting

Amy, a sole proprietor purchased used office equipment for $12,000 in 2016 for his business. This was his only property purchased for his business. Her taxable income was $150,000 before section 179. She elected to take the maximum section 179 deduction. What is her basis for the MACRS computation?

A. $2,000

B. $12,000

C. $7,000

D. $0

E. None of the above

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