In 2009,Gail had a § 179 deduction carryover of $15,000.In 2010,she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2010 is $127,000.Determine Gail's § 179 deduction for 2010.

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The Answer of In 2009,Gail had a § 179 deduction carryover of $15,000.In 2010,she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2010 is $127,000.Determine Gail's § 179 deduction for 2010.

In 2009,Gail Had a § 179 Deduction Carryover of $15,000