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Mantle Publications publishes a golf magazine for women. The magazine sells for $4.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). During December 2013, Expert Publications sells 4,000 copies of the golf magazine at newsstands and receives payment for 6,000 subscriptions for 2014. Financial statements are prepared monthly?
In 2012, Gail had a §179 deduction carryover of $30,000. In 2013, she elected §179 for an asset acquired at a cost of $115,000. Gail's §179 business income limitation for 2013 is $140,000. Determine Gail's §179 deduction for 2013.
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for financial accounting purposes assets of an individual partner contributed to a partnership are recorded by the
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