Question
Fill in the blank. Emma purchased a machine in 2014 and claimed a section 179 expense deduction on the total purchase price. In 2016, business
Fill in the blank. Emma purchased a machine in 2014 and claimed a section 179 expense deduction on the total purchase price. In 2016, business used dropped below 50%. As a result of this drop, Emma must.......
A) Stop taking any depreciation on the machine.
B) Change from the geeral MACRS to a straight-line system.
C) Recapture a prorated portion of that which was expensed.
D) Change nothing.
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A Textbook Of Cost And Management Accounting
Authors: Arora
10th Edition
9789325956209
