Answer please Anna bought $410,000 of furniture on August 7, 2014.On December 14, 2014, she purchased $160,000 ofused computer equipment. If Anna elects $179, whatis the maximum write-off for these purchases for2014?

Step 1: Definition of Section 179Section 179 of the U.S. Internal Revenue Code allows businesses to…

Answered: Anna bought $410,000 of furniture on…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 57P

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Anna bought $410,000 of furniture on August 7, 2014. On December 14, 2014, she purchased $160,000 of used computer equipment. If Anna elects $179, what is the maximum write-off for these purchases for 2014?