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Chapter_10_Solutions

Chapter_10_Solutions - First year depreciation for the...

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HA 4422 Review Session Chapter 10 Section 179 Maximum $128,000 Asset acquisition phase-out $510,000-$638,000 1 Your business purchase a building for $50,000. Can section 179 be taken? Your business purchases a computer system for $200,000
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Unformatted text preview: First year depreciation for the computer using MACRS is 20% No income or asset acquisition limitations apply 2 What is the maximum deduction in year 1?...
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