In 2023, Benjamin placed the following into service for his business: Machine 1(7-year...
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Accounting
In Benjamin placed the following into service for his business: Machine year asset $ Machine year asset $ Computer year asset $ Computer year asset $ Benjamin would like to deduct of the price of Computer in the current year and depreciate the full cost of the remaining three assets using the declining balance method. Which of the following options allow him to do this? The special depreciation allowance. The safe harbor election for small taxpayers. Electing to use the MACRS Alternative Depreciation System ADS The Section deduction. placed in service this year
In Benjamin placed the following into service for his business:
Machine year asset $
Machine year asset $
Computer year asset $
Computer year asset $
Benjamin would like to deduct of the price of Computer in the current year and depreciate the full cost of the remaining three assets using the declining balance method. Which of the following options allow him to do this?
The special depreciation allowance.
The safe harbor election for small taxpayers.
Electing to use the MACRS Alternative Depreciation System ADS
The Section deduction. placed in service this year
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