Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can someone please explain this to me Income is $150,000, MARCS depreciation is .1429, cost of the asset is $590,000 Woolard is concerned about future
can someone please explain this to me Income is $150,000, MARCS depreciation is .1429, cost of the asset is $590,000 Woolard is concerned about future limitations on its 179 expense. How much 179 expense should Woolard expense this year if it wants to maximize its depreciation this year and avoid any carryover to future years? I know the answer $76641 calculated : (150000-(590000 * 01429))/ (1-.1429) But WHY? Is this a formula I should have known?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started