HCA 270

timer Asked: May 8th, 2013

Question description

DQ 2 – Due Day


The Internal
Revenue Service allows businesses to choose to recover all or part of the cost
of certain qualifying property, up to a limit, by deducting it in the year a
business places the property in service. This is known as the section 179
deduction. Choosing the section 179 deduction is an option instead of recouping
the cost by taking depreciation deductions over time. Please review the
following and answer as follows: 1) did you know about this, 2) do you know if
your employer ever utilizes Section 179, 3) how do you see this option as
potentially valuable?


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