Question
In 2013, Gail had a 179 deduction carryover of $30,000. In 2014, she elected 179 for an asset acquired at a cost of $115,000. Gail's
In 2013, Gail had a 179 deduction carryover of $30,000. In 2014, she elected 179 for an asset acquired at a cost of $115,000. Gail's 179 business income limitation for 2014 is $140,000. Determine Gail's 179 deduction for 2014
a. 25,000
b. 130,000
c. 115,000
d. 140,000
e. None of these choice are correct
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
