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Year 3 Year 5 Year 7 Year 1 33.33% ...

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Verified Solution

Question

Accounting

Year

3 Year

5 Year

7 Year

1

33.33%

20.00%

14.29%

2

44.45%

32.00%

24.49%

3

14.81%

19.20%

17.49%

4

7.41%

11.52%

12.49%

5

11.52%

8.93%

6

5.76%

8.92%

7

8.93%

8

4.46%

9

10

11

12

13

14

15

1. Below are four asset purchases made in 2012:

AssetCostDate

Office Table$1,000January 1, 2012

Office Desk1,500September 29, 2012

File Cabinet2,000October 15, 2012

Computer6,000December 31, 2012

What is the maximum 2012 Section 179 deduction for these purchases?

a.$10,500

b.$2,500

c.$8,000

d.$0


Answer & Explanation Solved by verified expert
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