Question
Jill owns a computer service and operates it as a sole proprietorship. In 2022, taxable income is $138,000 before considering any 179 deduction. If Jill
Jill owns a computer service and operates it as a sole proprietorship. In 2022, taxable income is $138,000 before considering any 179 deduction. If Jill spends $2,830,000 on new equipment, what is 179 expense deduction in 2022 and carryforward?
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
