Sec 79 personal property deduction

Reference no: EM1358930

Tommy purchases and places in service in 2011 personal property costing $900,000. What is the maximum Sec. 179 deduction that Tommy can deduct, ignoring any taxable income limitation?

A. $0

B. $128,000

C. $500,000

D. $900,000

Reference no: EM1358930

Questions Cloud

Non-recurring expenses on income statement : When normalizing operating results, non-recurring expenses that are reported within SG&A, CGS or other expense line items on a company's income statement:

Strategies and interventions : Identify the goals of the group, as well as strategies and interventions you would likely use; and note the legal and/or ethical considerations you would have to address.

Convention related costs : The director of marketing for Eastern Computer Corporation, Callie Keller, had the following discussion with the company controller, Isaiah Johnson, on July 26 of the current year: Callie: Isaiah, it looks like I'm going to spend much less than indic..

Positive factors and undermining factors : Interviews: Positive Factors, Undermining Factors - What are some factors that can make for a good/effective interview?

Sec 79 personal property deduction : Tommy purchases and places in service in 2011 personal property costing $900,000. What is the maximum Sec. 179 deduction that Tommy can deduct, ignoring any taxable income limitation?

Draw a gui to create objects : Draw a GUI that will create the objects and provide access to each object's processing methods. Use the drawing tool in Microsoft Word.

What is the childs total mechanical energy : A 25 kg child on a 2.0 m swing is released from rest when the swing supports make the angle of 30.0 degrees with the vertical.

Adapting organizational development interventions : How would you describe how OD (organizational development practitioner) interventions need to be adapted to fit different cultural contexts.

Introduction of implicit learning : Implicit learning is described as acquiring knowledge through exposure; learning about things unintentionally and indirectly.

User Account

All Pages