Question
11) Prithi acquired and placed in service $190,000 of equipment on August 1, 2015 for use in her sole proprietorship. The equipment is 5-year recovery
11) Prithi acquired and placed in service $190,000 of equipment on August 1, 2015 for use in her sole proprietorship. The equipment is 5-year recovery property. No other acquisitions are made during the year. Prithi elects to expense the maximum amount under Sec. 179. Prithi's total deductions for the year (including Sec. 179 and depreciation) are?
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The Emerging Markets Handbook
Authors: Pran Tiku
1st Edition
0857192981, 978-0857192981
