Question: Section 179 allows a current deduction for the acquisition cost of business-use assets. Required: Describe the eligibility requirements and deduction limitations. Why would a taxpayer

Section 179 allows a current deduction for the acquisition cost of business-use assets.

Required:

Describe the eligibility requirements and deduction limitations.

Why would a taxpayer choose to not elect the Section 179 deduction if the property were eligible?

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