In_class_exercise_Solutions - Section 179 allowance in 2008...

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HA 4422 Chapter 10 NAME: In-class exercise Purchase qualified assets of $500,000 in 2008 No investment limit problem Income from entity before section 179 is $600,000 Depreciaiton rate applicable to assets 20%
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Unformatted text preview: Section 179 allowance in 2008 $128,000 What is maximum deduction? Purchase 500,000 Section 179 $128,000 Depreciable basis $372,000 Depreciation rate 20% Depreciation 74400 Total deduction $202,400...
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This homework help was uploaded on 02/20/2009 for the course H ADM 422 taught by Professor Lhensley during the Fall '08 term at Cornell University (Engineering School).

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