Woburn Corporation uses the calendar year as its tax year. Woburn purchases and places into service $850,000

Question:

Woburn Corporation uses the calendar year as its tax year. Woburn purchases and places into service $850,000 of depreciable property during 2016:

You are working in Woburn's tax department and are trying to decide how to make the Sec. 179 election so as to maximize Woburn's 2016 depreciation deduction. What tax issues should you consider for this decision?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...