Essay
Sid bought a new $1,210,000 seven-year class asset on August 2,2015.On December 2,2015,he purchased $860,000 of used five-year class assets.If Sid elects § 179 and takes additional first-year depreciation,if available,what is the maximum cost recovery deduction for these purchases for 2015?
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§ 179 expense [$500,000 - ($2,070,000...View Answer
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Correct Answer:
Verified
§ 179 expense [$500,000 - ($2,070,000...
View Answer
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