Question
Beaming Industries Partnership (BIP) began business on Pctover1. It purchased $10,000 of office equipment and $50,000 of machinery. At the end of the tax year,
Beaming Industries Partnership (BIP) began business on Pctover1. It purchased $10,000 of office equipment and $50,000 of machinery. At the end of the tax year, December 31, BIP's taxable business income is $19000. What is the maximum 179 depreciation that the partnership can pass through to the partners?
A. 0$
B. $19000
C. $25000
D. $60000
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
