Determine the write-off rustin can take in, Accounting Basics

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Determine the write-off rustin can take in

Rustin bought used 7-year class property on May 15, 2010, for $500,000. Rustin elects § 179 and straight-line cost recovery. Rustin's taxable income would not create a limitation for purposes of the § 179 deduction. If Congress reenacts additional first-year depreciation for 2010, Rustin elects not to take additional first-year depreciation. Determine the write-off Rustin can take in 2010

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Accounting Basics: Determine the write-off rustin can take in

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