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Question 18 of 40. Michael placed the following assets into service for his packing and shipping company this year: Computer with a basis of $1,100
Question 18 of 40. Michael placed the following assets into service for his packing and shipping company this year: Computer with a basis of $1,100 placed in service on July 3. Landscaping to the outside of his main building with a basis of $3,200 placed into service on July 30. Delivery truck with a basis of $22,000 placed into service on October 30. (The delivery truck is not a passenger automobile subject to the passenger automobile limits.) low may Michael eliminate the requirement to use the mid-quarter convention? Claim the special depreciation allowance for the landscaping Claim the Section 179 deduction for the delivery truck. Use the ADS system to depreciate the truck and the computer, Elect to expense the computer on the tax return in accordance with the de minimis safe harbor of the Tangible Property Regulations
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