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Captain America finally got tired of saving the world and so he retired in May...

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Accounting

Captain America finally got tired of saving the world and so he retired in May 2017. After a couple of months doing nothing, he concluded that he was bored so he bought a used tugboat to help move ships around the San Francisco Bay. He bought the boat on September 10, 2017 and paid $1,998,996 including taxes and fees. How much will his MACRS deductions be for 2017?

$658,900

$0

$148,900

$744,498

$510,000

The correct answer is $148,900

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