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During the year, AAA acquired the following assets (all assets were placed in service on the acquisition dates as indicated below): Service vans-new (not Luxury
During the year, AAA acquired the following assets (all assets were placed in service on the acquisition dates as indicated below):
Service vans-new (not Luxury Automobiles) July 1, 2018 $500,000
Plumbing machinery/equipment-new July 1, 2018 $250,000
AAA did not claim Section 179 expense for any of the current year asset additions and has opted out of bonus depreciation for 3 and 5- year recovery period assets.
Fill out IRS Form 4562
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