Standard Small Business Case Study $(2024)$

Case Study

Case Study $1$

Want to review the scenario?

At any time, select the $"?"$ button in the bottom left of your screen to display the initial prompt.

Other Information

Question $6/10$

In February of $2023,$ during the preparation of Julia's $2022$ return, you explained to her the options for using either the section $179$ deduction or special depreciation for the purchases of her $2022$ assets. In her first few years in business, she was learning so much, depreciation was too confusing for her.

When you showed her the tax savings she would receive to benefit her for $2022,$ she understood how this might change her choices for additional larger assets she may purchase in $2023.$

If Julia decided to use special depreciation for the assets purchased in $2022,$ Julia's refund would increase by what amount?

$$571$

$$3,200$

$$757$

$$1,044$