Cleaning Professions, a general partnership, shows depreciation on the books of $13250 based on a straight line method. Tax deprecation based on MACRS, including 179 deduction, is $21625. How does the partnership account for this differe4nce on the tax return?

1. $21625 on schedule m-1 line 4a
2. $13250 on schedule m-1 line 7a
3. $8375 on schedule m-1 line 4a
4. 8375 on schedule m-1 line 7a

Answer rating: 100% (QA)

Based on the provided information Cleaning Professions as a general partnership would account ... View the full answer