Question
In 2018, Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $3,400,000. No other personal property was purchased during the year.
In 2018, Jason Products Co., a calendar year taxpayer, purchased business equipment (7-year property) for $3,400,000. No other personal property was purchased during the year. Compute the allowable deduction under Sec. 179 in 2018. Compute only the allowable Sec. 179 deduction and ignore both bonus and MACRS depreciation.
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Algorithm Audit Why What And How
Authors: Biagio Aragona
1st Edition
0367530929, 978-0367530921
