Essay
On February 21,2015,Joe purchased new farm equipment for $600,000.Joe elects to not have the uniform capitalization rules apply to his farming business.He does not claim additional first-year depreciation (if available).If Joe elects § 179,what is the maximum cost recovery deduction for this purchase for 2015?
Correct Answer:
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§ 179 expense
$500,000
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Correct Answer:
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$500,000
ADS s...
View Answer
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