Table 1: Half-Year Convention 200% Declining Balance Year 3 Year 5 Year 7 Year 1 33.33% 20.00% 14.29% 2 44.45% 32.00% 24.49% 3 14.81% 19.20% 17.49% 4 7.41% 11.52% 12.49% 5 11.52% 8.93% 6 5.76% 8.92% 7 8.93% 8 4.46% Below are four asset purchases made in Asset Cost Date Office Table $1,000 January 1 Office Desk 1,500 September 29 File Cabinet 2,000 October 15 Computer 6,000 December 31 What is the maximum 2018 Sec. 179 deduction for these purchases? $10,500 $2,500 $8,000 $0
Table 1: Half-Year Convention
200% Declining Balance
|
Year |
3 Year |
5 Year |
7 Year |
|
|
1 |
33.33% |
20.00% |
14.29% |
|
|
2 |
44.45% |
32.00% |
24.49% |
|
|
3 |
14.81% |
19.20% |
17.49% |
|
|
4 |
7.41% |
11.52% |
12.49% |
|
|
5 |
|
11.52% |
8.93% |
|
|
|
|
|
|
|
|
6 |
|
5.76% |
8.92% |
|
|
7 |
|
|
8.93% |
|
|
8 |
|
|
4.46% |
|
- Below are four asset purchases made in
Asset Cost Date
Office Table $1,000 January 1
Office Desk 1,500 September 29
File Cabinet 2,000 October 15
Computer 6,000 December 31
What is the maximum 2018 Sec. 179 deduction for these purchases?
- $10,500
- $2,500
- $8,000
- $0
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