Solved: The income from the business before the section 179, Accounting Basics

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The income from the business before the section 179

Question - Mary purchased one asset during the year (five-year property) on November 10, 2015 at a cost of $300,000. She made the section 179 election. The income from the business before the section 179 deduction was $75,000. Determine the total deductions with respect to the asset for 2015.

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Accounting Basics: The income from the business before the section 179

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Accounting Basics: The income from the business before the section 179

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