A taxpayer elects to expense property under section 179.

Place the depreciation in the appropriate order from first to third!

Select your answer from first to third.

Options (Bonus Depreciation, Modified Accelerated Cost Recovery System (MACRS), Section 179)

Which method should a taxpayer use to depreciate, for tax purposes, a new computer purchased during a given tax year?

O ACRS

O Depletion

O MACRS

O Amortization

When using research to problem-solve, what affords the least amount of flexibility because the facts are already established?

O Tax planning

O Open fact

O Closed fact

O Transaction planning