Question
Lincoln purchases nonresidential real property costing $300,000 and places it in service in March 2021. He elects Section 179 for all qualifying assets, but
Lincoln purchases nonresidential real property costing $300,000 and places it in service in March 2021. He elects Section 179 for all qualifying assets, but elects out of bonus depreciation. What is Lincoln's 2023 depreciation on the nonresidential real property?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
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