Essay
Rustin bought used 7-year class property on May 15, 2012, for $370,000.Rustin elects § 179 and straight-line cost recovery.Rustin's taxable income would not create a limitation for purposes of the § 179 deduction. Rustin does not take additional first-year depreciation.Determine the write-off Rustin can take in 2012.
Correct Answer:
Verified
Correct Answer:
Verified
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