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Author Question: On June 30, 2016, Temika purchased office furniture (7-year property) costing $400,000 and computers ... (Read 34 times)

joe

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on: Sep 13, 2020

Question 1

Mehmet, a calendar-year taxpayer, acquires 5-year tangible personal property in 2016 and does not use Sec. 179.  The property does not qualify for bonus depreciation. Mehmet places the property in service on the following schedule:



What is the total depreciation for 2016?

Question 2

On June 30, 2016, Temika purchased office furniture (7-year property) costing $400,000 and computers (5-year property) with a cost of $250,000. She uses Sec. 179, but the assets do not qualify for bonus depreciation. Her business income is $790,000 without considering Sec. 179. How should she allocate the 179 election in order to maximize her total cost recovery deductions (depreciation and Sec. 179) for 2016 ?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by joe on Sep 13, 2020

tandmlomax84

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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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joe

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

sarah_brady415

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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