30. David operates his business as a sole proprietorship. In 2011, he spends $20,000 for a used...

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30. David operates his business as a sole proprietorship. In 2011, he spends

$20,000 for a used machine (7-year property). His business income, before consideration of any Section 179 deduction, is $17,000. David elects to expense $20,000 under Section 179. Calculate his total depreciation deduction for 2011.

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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