Question 1
If the business usage of listed property is less than or equal to 50% of its total usage, depreciation is calculated using the
◦ regular MACRS tables.
◦ alternative depreciation system.
◦ it may not be depreciated.
◦ regular MACRS tables and a mid-month convention.
Question 2
Ilene owns an unincorporated manufacturing business. In 2016, she purchases and places in service $2,016,000 of qualifying five-year equipment for use in her business. The property does not qualify for bonus depreciation. Her taxable income from the business before any Sec. 179 deduction is $400,000. Elaine takes the maximum allowable deduction under section 179. Which of the following statements is true regarding the Sec. 179 election?
◦ Ilene can deduct $500,000 as a section 179 deduction in 2016, with no carryover to next year.
◦ Ilene can deduct $494,000 as a section 179 deduction in 2016, with a $6,000 carryover to next year.
◦ IIene can deduct $400,000 as a section 179 deduction in 2016; $94,000 may be carried over to next year.
◦ Ilene can deduct $400,000 as a section 179 deduction in 2016 ,with no carryover to next year.
Phrases that Decrease Customer Service Level
After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ...
Private Practice Massage Therapy Business Plan
Entrepreneurship: Starting and Operating a Small Business (3rd Edition)
Age-Standardized Suicide Rates (per 100 000 Population), Both Sexes, 2016
Business Mathematics in Canada, 11e (Jerome, Worswick)