What is the maximum sec
Problem:
Tommy purchases and places into service in 2011 personal property costing $2,100,000.
Required:
Question: What is the maximum Sec. 179 deduction that Tommy can deduct, ignoring any taxable limitations?
$500,000
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Question: What was the corporation's depreciation for the building, using statutory percentage under MACRS (SL) for 2011?
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Question: What is the total depreciation for 2011? Note: Explain in detail.
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