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McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
Edition 3ISBN: 9780077924522McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
Edition 3ISBN: 9780077924522 Exercise 71
Assume that TDW Corporation (calendar year end) has 2011 taxable income of $650,000 before the §179 expense (assume no bonus depreciation), acquired the following assets during 2011:
a) What is the maximum amount of §179 expense TDW may deduct for 2011
b) What is the maximum total depreciation expense, including §179 expense, that TDW may deduct in 2011 on the assets it placed in service in 2011
a) What is the maximum amount of §179 expense TDW may deduct for 2011 b) What is the maximum total depreciation expense, including §179 expense, that TDW may deduct in 2011 on the assets it placed in service in 2011
Explanation
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Verified
Depreciation (MACRS rules)
Depreciation ...
McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
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