Chap 9 Depreciation Quiz

# Chap 9 Depreciation Quiz - 2 How much 179 expense can Acme...

This preview shows page 1. Sign up to view the full content.

Acme, Inc. has \$600,000 of taxable income prior to any “179” expense in 2009, Acme purchases and places the following assets into service: 5/2/09 computers 5-yr \$380,000 7/6/09 building 39-yr \$800,000 10/12/09 machines 7-yr \$475,000 1) What is Acme’s max 179 deduction for 2009? 250,000 – (855,000 – 800,000) = 195,000
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2) How much 179 expense can Acme carry over to 2010? \$0 3) What is Acme’s max potential depreciation deduction for 2009 for the personal property? \$299,996 (475K – 195K)/(855K – 195K) = 429K 4) What is Acme’s max potential depreciation deduction for real property? 800,000 (x) 1.117% = \$8,936...
View Full Document

## This note was uploaded on 05/26/2011 for the course ACCT 5400 taught by Professor Staff during the Spring '08 term at UGA.

Ask a homework question - tutors are online