In 2012 gail had a sect179 deduction carryover of 30000 in


In 2012, Gail had a §179 deduction carryover of $30,000. In 2013, she elected §179 for an asset acquired at a cost of $115,000. Gail's §179 business income limitation for 2013 is $140,000. Determine Gail's §179 deduction for 2013.

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Accounting Basics: In 2012 gail had a sect179 deduction carryover of 30000 in
Reference No:- TGS0784108

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