Tax -650 Section 179 How to Depreciate Property, accounting homework help

Please review the following IRS Publication 946: How to Depreciate Property, to inform your discussion.

Section 179 allows a current deduction for the acquisition cost of business-use assets.

.Describe the eligibility requirements and deduction limitations of section 179.

Why would a taxpayer choose to not elect the Section 179 deduction if the property were eligible?

Who qualfieds for the 179?

What’s the difference between Section 179 and Bonus Depreciation?

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