Alyssa acquired and placed in service $720,000 of equipment on August 1, 2016 for use in her
Fantastic news! We've Found the answer you've been seeking!
Question:
Alyssa acquired and placed in service $720,000 of equipment on August 1, 2016 for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the year. Alyssa elects to expense the maximum amount under Sec. 179.
What is Alyssa's total deduction for the year (including Sec. 179 and depreciation)?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: