Question: a sid bought a $650,000 sevenyear class asset on may 5, 2009 his income is $25 million sid wants to maximize his depreciation expense deduction

a sid bought a $650,000 sevenyear class asset on may 5, 2009 his income is $25 million sid wants to maximize his depreciation expense deduction he makes the 179 election to expense and takes the bonus depreciation along with the regular depreciation b c d a calculate his total 179 expense and depreciation deduction for 2009 using macrs b calculate his depreciation deduction for 2010 using macrs

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The maximum amount you can elect to deduct for most section 179 property you placed in service in tax years beginning in 2021 is 1050000 according to ... View full answer

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