In 2019. Terry acquires and places into service in her business 10 year MACRS property costing 545,000 and S-year MACRS property costing $215.000. Terry elects Sec. 179 expensing for at of the properties' cost Terry's taxable incor fefore the Sec 179 and 50% of so-employment deductions) is $211,000 (Click the icon to view the MACRS half year rates) Reference Read the revirements Requirement a. What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2007 The amount Terry may deduct under Sec. 179 for 2019 is The amount Terry can carry over to 2020 is Year Requirements 11.52 General Depreciation System MACRS Personal Property Placed in Service Afer 12/31/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 150 Percent Declining Balance Switching to Stralo Recovery period and Depreciation Rates Recovery 3-Year 5-Year 7-Year 10-Year 15-Year 20-9 Year 1 33.33 20.00 14.29 10.00 5.00 Year 2 44.45 32.00 24.49 18.00 9.50 Year 3 14.81 1749 14.40 8.55 Year 4 7.41 11.52 12.49 7.70 Years 11.52 8.93 9.22 6.93 Year 5.76 8.92 7.37 6.23 Year 7 8.93 6.55 5.80 446 0.55 5.00 Year Year 10 6.55 5.00 Year 11 328 6.91 Year 12 0.00 Year 13 6.01 Year 14 5.90 Year 15 591 What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 20207 What is Terry's total 2019 depreciation deduction? What are the limitations on Terry's ability to use the Sec. 170 carryover in 20207 How would your owers to Parts a, b, and change i Terry's 2019 business taxable income before the Sec 17 expense and the son of self employment tax deduction) was $1.000 instead of 1211.0097 b Year 591 Print Done Emer any number parts remaining Clear Print Done In 2019, Terry acquires and places into service in her business 10-year MACRS property costing 545,000 and 5-year MACRS property costing $215.000. Terry electa Sec. 179 expensing for all of the properties cost Terry's taxable income (before the Sec 179 and 50% of self-employment deductions) is $211,000 (Click the loon to view the MACRS half year rates. Read the requirements Requirement a. What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2020? The amount Terry may deduct under Sec. 179 for 2019 is The amount Terry can carry over to 2020 is Enter any number in the edit fields and then click Check Answer Check Awe Clear A 5 parts remaining ductions) is $211,000. business 10-year MACRS property costing $45,000 and 5-year MACRS property costing $215,000. Terry elects Sec. 179 expensing for all of the propertie er Sec. 179 for 2019 fg 2019 is Requirements a. b. C. What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2020? What is Terry's total 2019 depreciation deduction? What are the limitations on Terry's ability to use the Sec. 179 carryover in 2020? How would your answers to Parts a, b, and c change if Terry's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $361,000 instead of $211,000? d. Print Done neck Answer Clear All tes. der Sec. 179 - 2019 is General Depreciation SystemMACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33 20.00 14.29 10.00 5.00 3.750 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 eck Ans Print Done MoPoola In 2019. Terry acquires and places into service in her business 10 year MACRS property costing 545,000 and S-year MACRS property costing $215.000. Terry elects Sec. 179 expensing for at of the properties' cost Terry's taxable incor fefore the Sec 179 and 50% of so-employment deductions) is $211,000 (Click the icon to view the MACRS half year rates) Reference Read the revirements Requirement a. What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2007 The amount Terry may deduct under Sec. 179 for 2019 is The amount Terry can carry over to 2020 is Year Requirements 11.52 General Depreciation System MACRS Personal Property Placed in Service Afer 12/31/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 150 Percent Declining Balance Switching to Stralo Recovery period and Depreciation Rates Recovery 3-Year 5-Year 7-Year 10-Year 15-Year 20-9 Year 1 33.33 20.00 14.29 10.00 5.00 Year 2 44.45 32.00 24.49 18.00 9.50 Year 3 14.81 1749 14.40 8.55 Year 4 7.41 11.52 12.49 7.70 Years 11.52 8.93 9.22 6.93 Year 5.76 8.92 7.37 6.23 Year 7 8.93 6.55 5.80 446 0.55 5.00 Year Year 10 6.55 5.00 Year 11 328 6.91 Year 12 0.00 Year 13 6.01 Year 14 5.90 Year 15 591 What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 20207 What is Terry's total 2019 depreciation deduction? What are the limitations on Terry's ability to use the Sec. 170 carryover in 20207 How would your owers to Parts a, b, and change i Terry's 2019 business taxable income before the Sec 17 expense and the son of self employment tax deduction) was $1.000 instead of 1211.0097 b Year 591 Print Done Emer any number parts remaining Clear Print Done In 2019, Terry acquires and places into service in her business 10-year MACRS property costing 545,000 and 5-year MACRS property costing $215.000. Terry electa Sec. 179 expensing for all of the properties cost Terry's taxable income (before the Sec 179 and 50% of self-employment deductions) is $211,000 (Click the loon to view the MACRS half year rates. Read the requirements Requirement a. What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2020? The amount Terry may deduct under Sec. 179 for 2019 is The amount Terry can carry over to 2020 is Enter any number in the edit fields and then click Check Answer Check Awe Clear A 5 parts remaining ductions) is $211,000. business 10-year MACRS property costing $45,000 and 5-year MACRS property costing $215,000. Terry elects Sec. 179 expensing for all of the propertie er Sec. 179 for 2019 fg 2019 is Requirements a. b. C. What amount may Terry deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2020? What is Terry's total 2019 depreciation deduction? What are the limitations on Terry's ability to use the Sec. 179 carryover in 2020? How would your answers to Parts a, b, and c change if Terry's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $361,000 instead of $211,000? d. Print Done neck Answer Clear All tes. der Sec. 179 - 2019 is General Depreciation SystemMACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33 20.00 14.29 10.00 5.00 3.750 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 eck Ans Print Done MoPoola