Weiskopf, a sole proprietor and a calendar-year taxpayer, purchased $60,000 of equipment during 2015, as follows: Weiskopfs

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Weiskopf, a sole proprietor and a calendar-year taxpayer, purchased $60,000 of equipment during 2015, as follows:
Weiskopf, a sole proprietor and a calendar-year taxpayer, purchased $60,000

Weiskopf€™s CPA, to maximize the depreciation deduction, elects $25,000 of Sec. 179 depreciation as follows: $20,000 on the March 1 property and $5,000 on the September 18 property. What tax issue should be considered with respect to the total depreciation deduction for the current year?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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