Expense election under section-179, Accounting Basics

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Expense election under section-179

What is the maximum depreciation in 2009 for a new computer used 80% for business that was acquired on July 2, 2009, for $3,000, assuming that an expense election under Section 179 is not made? This is the only property placed in service during 2009.

a) $1,440

b) $1,200

c) None of the choices

d) $1,800

e) $480

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Accounting Basics: Expense election under section-179

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Accounting Basics: Expense election under section-179

Reference No:- TGS087082

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Elements of generally accepted auditing standards-gaas

Q : Problem based on ownership in the project

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Accounting Basics: Expense election under section-179

Reference No:- TGS087082

Recent Questions Asked Accounting Basics

Q : Elements of generally accepted auditing standards-gaas

Q : Problem based on ownership in the project

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Q : Straight-line process of amortization of bond premium

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