Question
Blum Corporation, a calendar year corporation, acquires $2,790,000 in 5-year class assets in 2022. Blum's taxable income before any cost recovery deductions in 2022 is
Blum Corporation, a calendar year corporation, acquires $2,790,000 in 5-year class assets in 2022. Blum's taxable income before any cost recovery deductions in 2022 is $950,000.
What is the maximum deduction that Blum can take for a section 179 deduction for 2022?
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Principles Of Taxation For Business And Investment Planning 2016 Edition
Authors: Sally Jones, Shelley Rhoades Catanach
19th Edition
1259549259, 978-1259618536, 1259618536, 978-1259549250
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