The Reed CPA Firm places the following property in service during the 2014 tax year: Reed wants to obtain the maximum possible depreciation deduction for these property acquisitions including full utilization of the election to expense property under Section 179. Reed will report 2014 taxable income in the amount of $5,000 before consideration of depreciation on their 2014 property acquisitions. What is Reed' maximum depreciation from these additions?

Question

The Reed CPA Firm places the following property in service during the 2014 tax year:  Reed wants to obtain the maximum possible depreciation deduction for these property acquisitions including full utilization of the election to expense property under Section 179. Reed will report 2014 taxable income in the amount of $5,000 before consideration of depreciation on their 2014 property acquisitions. What is Reed' maximum depreciation from these additions?

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The Answer of The Reed CPA Firm places the following property in service during the 2014 tax year:  Reed wants to obtain the maximum possible depreciation deduction for these property acquisitions including full utilization of the election to expense property under Section 179. Reed will report 2014 taxable income in the amount of $5,000 before consideration of depreciation on their 2014 property acquisitions. What is Reed' maximum depreciation from these additions?

The Reed CPA Firm Places the Following Property in Service