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Author Question: Terra Corporation, a calendar-year taxpayer, purchases and places into service machinery with a ... (Read 35 times)

mmm

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on: Sep 13, 2020
Terra Corporation, a calendar-year taxpayer, purchases and places into service machinery with a 7-year life that cost $640,000. Neither the mid-quarter convention, nor bonus depreciation apply. Terra elects to depreciate the maximum under Sec. 179. Terra's taxable income for the year before the Sec. 179 deduction is $700,000. What is Terra's total depreciation deduction related to this property (rounded to the nearest dollar)?
◦ $640,000
◦ $520,006
◦ $91,416
◦ $591,416
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by mmm on Sep 13, 2020

braelync

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mmm

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

aliotak

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Reply 3 on: Yesterday
Excellent

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