Blum Corporation, a calendar year corporation, acquires $2,790,000 in 5-year class assets in 2022. Blum's taxable income

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Blum Corporation, a calendar year corporation, acquires $2,790,000 in 5-year class assets in 2022. Blum's taxable income before any cost recovery deductions in 2022 is $950,000.

What is the maximum deduction that Blum can take for a section 179 deduction for 2022?

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Principles Of Taxation For Business And Investment Planning 2016 Edition

ISBN: 9781259549250

19th Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Posted Date: May 29, 2023 03:34 AM

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Blum Corporation, a calendar year corporation, acquires $2,790,000 in 5-year class assets in 2022. Blum's taxable income

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The maximum deduction that Blum Corporation can take for a Section 179 deduction in 2022 is subject ... View the full answer

Principles Of Taxation For Business And Investment Planning 2016 Edition

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