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McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
Edition 3ISBN: 9780077924522McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
Edition 3ISBN: 9780077924522 Exercise 4
Assume that Timberline Corporation has 2011 taxable income of $240,000 before the §179 expense (assume no bonus depreciation).
a) What is the maximum amount of §179 expense Timberline may deduct for 2011
b) What would Timberline's maximum depreciation expense be for 2011
c) What would Timberline's maximum depreciation expense be for 2011 if the furniture cost $2,000,000 instead of $350,000
a) What is the maximum amount of §179 expense Timberline may deduct for 2011 b) What would Timberline's maximum depreciation expense be for 2011
c) What would Timberline's maximum depreciation expense be for 2011 if the furniture cost $2,000,000 instead of $350,000
Explanation
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Verified
Depreciation (MACRS rules)
Depreciation ...
McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
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