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Caitlyn Purchases and Places in Service Property Costing $450,000 in 2016.She

Question 43

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Caitlyn purchases and places in service property costing $450,000 in 2016.She wants to elect the maximum Sec.179 deduction allowed.The property does not qualify for bonus depreciation.Her business income is $400,000.What is the amount of her allowable Sec.179 deduction and carryover,if any?


A) Caitlyn purchases and places in service property costing $450,000 in 2016.She wants to elect the maximum Sec.179 deduction allowed.The property does not qualify for bonus depreciation.Her business income is $400,000.What is the amount of her allowable Sec.179 deduction and carryover,if any? A) B) C) D)
B) Caitlyn purchases and places in service property costing $450,000 in 2016.She wants to elect the maximum Sec.179 deduction allowed.The property does not qualify for bonus depreciation.Her business income is $400,000.What is the amount of her allowable Sec.179 deduction and carryover,if any? A) B) C) D)
C) Caitlyn purchases and places in service property costing $450,000 in 2016.She wants to elect the maximum Sec.179 deduction allowed.The property does not qualify for bonus depreciation.Her business income is $400,000.What is the amount of her allowable Sec.179 deduction and carryover,if any? A) B) C) D)
D) Caitlyn purchases and places in service property costing $450,000 in 2016.She wants to elect the maximum Sec.179 deduction allowed.The property does not qualify for bonus depreciation.Her business income is $400,000.What is the amount of her allowable Sec.179 deduction and carryover,if any? A) B) C) D)

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