Question
Myka purchased a new office desk for her consulting business. She paid $3,300 on March 17, 2021, and immediately placed it into service. Myka
Myka purchased a new office desk for her consulting business. She paid $3,300 on March 17, 2021, and immediately placed it into service. Myka wants to take a 50% Section 179 expense deduction, and opt out of bonus depreciation. Myka will use the 200% declining balance method and the half-year convention. How much is har 2021 depreciation deduction? O so O $236 O $200 $404
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The detailed answer for the above question is provided below 1 Apply the Section 179 expense deduction The cost of the desk is 3200 and Myka wants to ...Get Instant Access to Expert-Tailored Solutions
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
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