In 2016,Steve Purchases $975,000 of Equipment

question 59

Multiple Choice

In 2016,Steve purchases $975,000 of equipment.The taxable income of the business is $10,000.What is Steve's maximum Section 179 deduction in 2016?

• A)$10,000
• B)$- 0 -
• C)$25,000
• D)$975,000
• E)$500,000

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Definitions:

Programmed Decisions

Decisions that are routine and repetitive, often automated or made following established guidelines or procedures.

Moral Problem

Poses major ethical consequences for the decision maker or others.

Ethically Uncomfortable Alternatives

Choices or options that present moral dilemmas or discomfort due to potential harm or ethical issues.

Utility Question

A query aimed at determining the usefulness or practical value of information, actions, or decisions.