A small, profitable construction contractor purchased equipment costing a total of $1,600,000 in 2018. Using Section 179
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A small, profitable construction contractor purchased equipment costing a total of $1,600,000 in 2018. Using Section 179 expensing first, and then 100% bonus depreciation, determine the depreciation schedule for the equipment. NOTE: depreciation and reducing the cost basis are two different things!
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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