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Vita, LLC has 2020 taxable income of $1,300,000 for purposes of computing Section 179 deduction. During 2020 Vita acquired the following assets: Machinery $1,550,000 placed
Vita, LLC has 2020 taxable income of $1,300,000 for purposes of computing Section 179 deduction. During 2020 Vita acquired the following assets: Machinery $1,550,000 placed in service on Feb 12th Computer Equipment $365,000 placed in service on May 3rd Office Equipment $1,156,000 placed in service on Oct 22nd What is the maximum amount of Section 179 depreciation may deduct for the year
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