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Calculate the maximum expense that rubicon can recognize

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Reference no: EM132885030

Rubicon Corp placed in service new vehicles (5-year property) with a basis of $3,540,000 on May 1, 2020. Assume that Rubicon has $100,000 of income prior to the § 179 deduction. Be sure to show your work.

Problem A. Calculate the maximum §179 expense that Rubicon can recognize in 2020.

Problem B. Based on the information given what is their Sec 179 carry forward to 2021?

Reference no: EM132885030

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