Discuss why a small business might be able to deduct assets

Reference no: EM13906381

1. Discuss why a small business might be able to deduct a greater percentage of the assets it places in service during the year than a larger business.

2. Explain the two limitations placed on the $179 deduction. How are they similar? How are they different?

3. Compare and contrast the types of businesses that would benefit from and those that would not benefit from the $179 expense.

Reference no: EM13906381

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