Essay
Rustin bought used 7-year class property on May 15,2016,for $728,000.Rustin elects § 179 and straight-line cost recovery.Rustin's taxable income would not create a limitation for purposes of the § 179 deduction.Determine the maximum cost recovery deduction Rustin can claim for 2016.
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§ 179 expense election
$ 500,...View Answer
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Correct Answer:
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$ 500,...
View Answer
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