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Business, 07.11.2019 07:31 gizmo50245

)on february 20, 2018, javier sanchez purchased and placed in service a new 7-year class asset costing $470,000 for use in his landscaping business, which he operates as a single member llc (sanchez landscaping llc). rather than using bonus depreciation, javier would like to use 5 179 to expense $200,000 of this asset and then use regular macrs to cost recover the remaining cost. during 2018, his business generated a net income of $564,000 before any § 179 immediate expense election. if required round your intermediate computations and final answers to the nearest dollar. click here to access the depreciation table to use for this problem. a. determine the cost recovery deductions (including first year additional depreciation) that javier sanchez can claim with respect to this asset in 2018 and 2019. total cost recovery deduction in 2018: $ total cost recovery deduction in 2019: depreciation table to use for this problem. a. determine the cost recovery deductions (including first year additional depreciation) that javier sanchez can claim with respect to this asset in 2018 and 2019. total cost recovery deduction in 2018: $ total cost recovery deduction in 2019: $ 32,449 x b. complete javier's form 4562 (page 1) for 2018. note: for 2018, the maximum § 179 is $1,000,000 and the threshold amount is $2,500,000. if an amount is zero, enter "o". enter amounts as positive numbers. form 4562 depreciation and amortization (including information on listed property) attach to your tax return. department of the

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)on february 20, 2018, javier sanchez purchased and placed in service a new 7-year class asset costi...
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