Audra acquires the following new five-year class property in 2012:
Audra elects § 179 for Asset
C.Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction. Audra takes additional first-year depreciation.Determine her total cost recovery deduction (including the § 179 deduction) for the year.
Definitions:
Structure
A user-defined data type in many programming languages that allows the grouping of variables of different types under a single name.
Populating
Refers to the process of putting elements or data into a data structure or database.
Actual Data Values
The specific, real data contained in variables during the execution of a program.
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