Audra acquires the following new five-year class property in 2018:
Audra elects § 179 treatment for Asset C.Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction.Audra does not claim any available additional first-year depreciation deduction.Determine her total cost recovery deduction including the § 179 deduction) for the year.
Definitions:
Primary Sources
Original documents, records, or evidence directly associated with a subject, used in research for first-hand or direct evidence.
Secondary Sources
Materials such as books, articles, and commentaries that analyze, critique, or summarize the law, but are not legally binding.
Legal Research
The method of locating and obtaining information essential for making legal decisions.
Plain-Meaning Rule
A principle of legal interpretation that directs courts to interpret statutes according to the ordinary meaning of the language used, absent a clear indication of an alternative intent.
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