Question
Ron Howard, a sole proprietor, purchased $15,000 of business equipment in 2021. He made the election to take the maximum Sec. 179 deduction. In 2022,
Ron Howard, a sole proprietor, purchased $15,000 of business equipment in 2021. He made the election to take the maximum Sec. 179 deduction. In 2022, what is Mr. Howard's basis for the MACRS computation?
| $15,000 | ||
| $0 | ||
| $2,000 | ||
| $12,000 |
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Edp Auditing A Functional Approach
Authors: Albert J. Harnois
1st Edition
0132246848, 978-0132246842
