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In 2013,Gail Had a § 179 Deduction Carryover of $30,000

Question 2

Multiple Choice

In 2013,Gail had a § 179 deduction carryover of $30,000.In 2014,she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2014 is $140,000.Determine Gail's § 179 deduction for 2014.


A) $25,000
B) $35,000
C) $40,000
D) $55,000
E) None of these

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