Assume Section 179 elected ($1,080,000) but no bonus depreciation After reviewing the asset purchases and reviewing the K-1 received from "Not Your Father's Hockey," the tax depreciation worksheet incorrectly reflects Section 179 recovery expense of $1,080,000. The correct Section 179 recovery expense should be $28,000. 0 Choose an option below: [Original text]The correct Section 179 recovery expense should be $28,000. The correct Section 179 recovery expense should be $0. The correct Section 179 recovery expense should be $408,500. The correct Section 179 recovery expense should be $160,000. The correct Section 179 recovery expense should be $161,500.

Assume Section 179 elected ($1,080,000) but no bonus depreciation After reviewing the asset purchases and reviewing the K-1 received from "Not Your Father's Hockey," the tax depreciation worksheet incorrectly reflects Section 179 recovery expense of $1,080,000. The correct Section 179 recovery expense should be $28,000. 0 Choose an option below: [Original text]The correct Section 179 recovery expense should be $28,000. The correct Section 179 recovery expense should be $0. The correct Section 179 recovery expense should be $408,500. The correct Section 179 recovery expense should be $160,000. The correct Section 179 recovery expense should be $161,500. For Papenwork Reduction Act Notice, see Instructions for Form 1065. www.irs.gov/Form1065 Cat. No. 11394R Schedule K-1 (Form 1065? Hockey Equipment Company (HEC) Tax Depreciation Worksheet Assume Section 179 elected ($1,080,000) but no bonus depreciation After reviewing the asset purchases and reviewing the K-1 received from "Not Your Father's Hockey," the tax depreciation worksheet incorrectly reflects Section 179 recovery expense of $1,080,000. The correct Section 179 recovery expense should be $28,000. 0 Choose an option below: [Original text]The correct Section 179 recovery expense should be $28,000. The correct Section 179 recovery expense should be $0. The correct Section 179 recovery expense should be $408,500. The correct Section 179 recovery expense should be $160,000. The correct Section 179 recovery expense should be $161,500. For Papenwork Reduction Act Notice, see Instructions for Form 1065. www.irs.gov/Form1065 Cat. No. 11394R Schedule K-1 (Form 1065? Hockey Equipment Company (HEC) Tax Depreciation Worksheet