A taxpayer places a $50,000 5-year recovery period asset in service in 2016 . This is the only asset placed in service in 2016 . Assuming half-year convention, an election to expense under Section 179, and taxable income after all deductions except Section 179 of $5,000, what is the amount of Section 179 immediate expensing?
a. $0
b. $5,000
c. $25,000
d. $30,000
e. $50,000
b
You might also like to view...
The court-appointed guardian is the only person who has the legal authority to enter into contracts on behalf of a person who has been adjudged insane
Indicate whether the statement is true or false
An effective technique for creating motivated interest for the learner is to show how the material to be learned is related to the trainee's career goals
Indicate whether the statement is true or false.
Chadwick Associates retained $850,000 of net income in the business in Year 1. If $75,000 was appropriated to satisfy the restrictive covenant of a loan agreement, what are the financial statements effects of the appropriation? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash flowA.NA=NA+NANA?NA=NANAB.(75,000)=NA+(75,000)NA?NA=NA(75,000) FAC.(75,000)=NA+(75,000)NA?75,000=(75,000)(75,000) FAD.(75,000)=NA+(75,000)NA?NA=NANA
A. Choice A B. Choice B C. Choice C D. Choice D
A marketing method that focuses on building a long-term relationship with customers best defines
A) one-to-one marketing. B) market segmentation. C) relationship marketing. D) collaborative marketing.