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In general, a Section 179 deduction may not exceed total taxable business income. This year, ABC Partnership claimed a Section 179 deduction for $20,000 of
In general, a Section 179 deduction may not exceed total taxable business income. This year, ABC Partnership claimed a Section 179 deduction for $20,000 of new equipment. Total taxable business income at the partnership level was $13
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
