The § 179 Deduction Can Exceed $500,000 in 2016 If

question 64

True/False

The § 179 deduction can exceed $500,000 in 2016 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.

---

Definitions:

Supply

The provision of electrical power to a system, device, or network.

Pure Capacitive Circuit

An electrical circuit that contains only capacitors, with no resistance or inductance to affect the flow of current.

Discharging

The process by which a battery or capacitor releases its stored electrical energy.

Reactive Power

The component of electrical power that oscillates between the source and load, associated with magnetic and electric fields, measured in Volt-Amps Reactive (VAR).