Rick is a sole proprietor who has a small business currently operating at a loss. He would

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Rick is a sole proprietor who has a small business currently operating at a loss. He would like to discontinue depreciating the fixed assets of the business for the next few years and to carry the deductions over to a future period. What tax consequences would result if Rick implements the plan to discontinue depreciation and then sells some of the depreciable assets several years later?
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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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