Question

In 2014, Company W elected under Section 179 to expense $69,300 of the cost of qualifying property. However, it could deduct only $65,000 of the expense because of the taxable income limitation. In 2015, Company W’s taxable income before any Section 179 deduction was $812,000. Compute its 2015 Section 179 deduction if:
a. The total cost of qualifying property purchased in 2015 was $13,600.
b. The total cost of qualifying property purchased in 2015 was $25,000.


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  • CreatedNovember 03, 2015
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