If Congress reenacts additional first-year depreciation for 2010, she elects not to take additional first-year depreciation. a.

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If Congress reenacts additional first-year depreciation for 2010, she elects not to take additional first-year depreciation.

a. Determine Lori’s total deduction if the § 179 expense is first taken with respect to the copier.

b. Determine Lori’s total deduction if the § 179 expense is first taken with respect to the furniture.

c. What is your advice to Lori?

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South Western Federal Taxation 2011 Taxation Of Business Entities

ISBN: 9780538498616

14th Edition

Authors: James E. Smith, William A. Raabe, David M. Maloney

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