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On January 1, 2012, Sandy, a sole proprietor, purchased for use in her business a used production machine (7-year property) at a cost of $40,000. Sandy does not purchase any other property during 2012 and has net income from her business of $80,000. If the standard recovery period table would allow $5,716 of depreciation expense on the $40,000 of equipment purchased in 2012, what is Sandy's maximum depreciation deduction, including bonus depreciation and the Section 179 election to expense, for 2012?

Select one:

a. $40,000

b. $8,000

c. $5,716

d. $25,716

e. None of the above

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