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a sid bought a $650,000 sevenyear class asset on may 5, 2009 his income is $25 million sid wants to maximize his depreciation expense deduction

a sid bought a $650,000 sevenyear class asset on may 5, 2009 his income is $25 million sid wants to maximize his depreciation expense deduction he makes the 179 election to expense and takes the bonus depreciation along with the regular depreciation b c d a calculate his total 179 expense and depreciation deduction for 2009 using macrs b calculate his depreciation deduction for 2010 using macrs

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The maximum amount you can elect to deduct for most section 179 property you placed in service in tax years beginning in 2021 is 1050000 according to ... blur-text-image

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