Lax, LLC purchased only one asset during the current year. It placed in service computer...
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Lax, LLC purchased only one asset during the current year. It placed in service computer equipment (5-year property) on August 26 with a basis of $26,000. Calculate the maximum depreciation expense for the current year (ignoring 179 and bonus depreciation):
Shelley is self-employed in Texas and recently attended a two-day business conference in New Jersey. After Shelley attended the conference, she had dinner with an old friend who lived nearby. Shelley documented her expenditures (described below). What amount can Shelley deduct? Airfare to New JerseyN$2,180 Meals at the conference 238 Meal with an old friend 130 Lodging in New Jersey 432 Rental car 198
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