Question: 1. On what form is depreciation reported and how does it relate to other forms such as schedules C, E and F? 2. What are

1. On what form is depreciation reported and how does it relate to other forms such as schedules C, E and F? 2. What are the two components of the self employment tax? Is either component limited? 3. Discuss the concept of electing 179 $ expense. Does the election allow a larger expense deduction in the year of asset acquisition?

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