Question
Section 179 allows a current deduction for the acquisition cost of business-use assets. Describe the eligibility requirements and deduction limitations. Why would a taxpayer choose
Section 179 allows a current deduction for the acquisition cost of business-use assets. Describe the eligibility requirements and deduction limitations. Why would a taxpayer choose to not elect the Section 179 deduction if the property were eligible?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
ISBN: 1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
