Tucson LLC advice on the following transaction: They would like to purchase additional equipment for their business,
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Question:
Tucson LLC advice on the following transaction:
They would like to purchase additional equipment for their business, they have not purchased any other fixed assets in 2019.
| Asset | Cost |
| Examination Table | $15,000 |
| X-Ray Machine | $250,000 |
(a). Calculate the tax depreciation assuming these assets are purchased and placed in service on 12/31/2019 assuming that they have elected not to take Section 179 expense and bonus depreciation on these assets.
(b). Calculate tax depreciation assuming these assets are purchased on 12/31/2019 assuming that they have not made any elections out of 179 or bonus depreciation. In each calculation assume Tucson LLC would like to take the maximum allowable deduction.
Related Book For
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
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