Section 179 allows taxpayers to immediately expense up to $25,000 (for 2015),subject to limitations,of the cost of real and personal property placed into service in a trade or business.
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Q3: MACRS recovery property includes tangible personal and
Q8: On its tax return,a corporation will use
Q10: Any Section 179 deduction that is not
Q10: Under the MACRS system,if the aggregate basis
Q11: In computing MACRS depreciation in the year
Q12: The Section 179 expensing election is available
Q13: The basis of an asset must be
Q15: Under the MACRS rules,salvage value is not
Q16: Land,buildings,equipment,and common stock are examples of tangible
Q18: Under the MACRS system,depreciation rates for real
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