Weiskopf, a sole proprietor and a calendar-year taxpayer, purchased $60,000 of equipment during 2015, as follows: Weiskopfs
Question:
Weiskopfs CPA, to maximize the depreciation deduction, elects $25,000 of Sec. 179 depreciation as follows: $20,000 on the March 1 property and $5,000 on the September 18 property. What tax issue should be considered with respect to the total depreciation deduction for the current year?
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Cost Recovery Period March 1 September 18 October 2 $20,000 7 years $25.000 7 years S15,000 5 years
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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