Question
Assume that Sivart Corporation has 2020 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. Assume
Assume that Sivart Corporation has 2020 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. Assume the delivery truck does not qualify for bonus depreciation.
| ASSET | PLACED IN SERVICE | BASIS |
| machinery | june 12 | $1,440,000 |
| computer equipment | february 10 | $70,000 |
| delivery truck - used | august 21 | $93,000 |
| furniture | april 2 | $310,000 |
a. what Is the maximum amount of 179 expense Sivart may deduct fo 2020?
b. what is the maximum total depreciation (179 bonus, MARCS) that Sivart may deduct in 2020 on the assets it placed in service in 2020?
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Making Use Of Clinical Audit A Guide To Practice In The Health Professions
Authors: Sally J. Redfern, Anemone Kober, Maurice Kogan
1st Edition
0335195423, 978-0335195428
