Question
SLOAN-GREY Corporation (calendar year end) has 2020 taxable income of $904,280 before the 179 expense. During 2020 SLOAN-GREY acquired the following assets: Asset Placed in
| SLOAN-GREY Corporation (calendar year end) has 2020 taxable income of $904,280 before the 179 expense. During 2020 SLOAN-GREY acquired the following assets: Asset Placed in Service Basis Machinery September 12 $1,779,181 Computer Equipment February 10 1,703,601 Office Building April 2 1,101,892
What is the maximum amount of 179 expense SLOAN-GREY may deduct for 2020? |
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Accounting Theory
Authors: Contemporary Accounting Issues
1st Edition
9780324107845
