Question
Blum Corporation, a calendar year corporation, acquires $1,690,000 in 5-year class assets in 2020. Blum's taxable income before any cost recovery deductions in 2020 is
Blum Corporation, a calendar year corporation, acquires $1,690,000 in 5-year class assets in 2020. Blum's taxable income before any cost recovery deductions in 2020 is $950,000. What is the maximum deduction that Blum can take for a section 179 deduction for 2020?
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Security Of Computerisation In Accounting And Auditing System
Authors: M.S. Baghel
1st Edition
8178801132, 978-8178801131
