Question
On 30 June 2019, ABC LLC placed into service a building used as a retail location with an initial basis of $275,000. Further, ABC did
On 30 June 2019, ABC LLC placed into service a building used as a retail location with an initial basis of $275,000. Further, ABC did not elect 179 expensing and elected out of bonus depreciation (no 179 or bonus). Determine the depreciation deduction for the building for 2019.
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
