On February 21,2010,Joe purchased new farm equipment for $500,000.Joe has made an election to not have the uniform capitalization rules apply to his farming business.If Congress reenacts additional first-year depreciation for 2010,he elects not to take additional first-year depreciation.If Joe elects § 179,what is the maximum write-off for this purchase for 2010?

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The Answer of On February 21,2010,Joe purchased new farm equipment for $500,000.Joe has made an election to not have the uniform capitalization rules apply to his farming business.If Congress reenacts additional first-year depreciation for 2010,he elects not to take additional first-year depreciation.If Joe elects § 179,what is the maximum write-off for this purchase for 2010?

On February 21,2010,Joe Purchased New Farm Equipment for $500,000