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Sheena Maskell Sheena Maskell
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7 years ago
Bridget owns an unincorporated manufacturing business. In 2010, she purchases and places in service $820,000 of qualifying five-year equipment for use in her business. Her taxable income from the business before any section 179 deduction is $60,000. Bridget elects to expense the maximum under section 179. What is Bridget's total cost recovery deduction for 2010 (Sec. 179 and depreciation)?
A) $60,000
B) $178,000
C) $230,000
D) $250,000
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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MsLippyMsLippy
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