Business
Business, 15.10.2019 19:10, leeahnnfoster

Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $420,000 on may 20, 2019. lori expects the taxable income derived from her business (without regard to the amount expensed under § 179) to be about $550,000. lori has determined that she should elect immediate § 179 expensing in the amount of $520,000, but she doesn't know which asset she should completely expense under § 179. she does not claim any available additional first-year depreciation. determine lori's total cost recovery deduction if the s 179 expense is first taken with respect to the 5-year class asset.

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Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $420...

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