In 2022 Skyline has taxable income of $10, 000, 000. Skyline did not utilize a $179 deduction or bonus depreciation prior to 2022. Skyline would like to take the $179 deduction, but not bonus depreciation, this year. 7UP

Skyline, Inc. has the following assets in service at the end of 2022: 3 - In 2022 Skyline has taxable income of $10,000,000. - Skyline did not utilize a $179 deduction or bonus depreciation prior to 2022. Skyline would like to take depreciation, this year