In February of 2023 during the preparation of Julia's 2022 return, you explained to her options for usingn either the section 179 deduction or special depreciation for the purchase of her 2022 assets. In her first few years in business, she was learning so much, depreciation was too confusing for her. when you showed her the tax savings she would receive to benefit her for 2022 she understood how this might change her choices for additional larger assets she may purchase in 2023. If Julia decided to use special depreciation for the assets purchased in 2022, Julia's refund would increase by what amount ?

In February of 2023 during the preparation of Julia's 2022 return, you explained to her options for usingn either the section 179 deduction or special depreciation for the purchase of her 2022 assets. In her first few years in business, she was learning so much, depreciation was too confusing for her. when you showed her the tax savings she would receive to benefit her for 2022 she understood how this might change her choices for additional larger assets she may purchase in 2023. If Julia decided to use special depreciation for the assets purchased in 2022, Julia's refund would increase by what amount ?

Name: In February of 2023 during the preparation of Julia's 2022 return, yo
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Description: In February of 2023 during the preparation of Julia's 2022 return, you explained to her options forusingn either the section 179 deduction or special depreciation for the purchase of her 2022assets. In her first few years in business, she was learni

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 12DQ

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IN FEBRUARY of 2023, during the preparation of julia's 2022 return, you explained to her the options for using either the section 179 deduction of special depreciation for the purchases of her 2022 assets. in her first few years IN BUSINESS, SHE WAS LEARNING SO MUCH, DEPRECIATION WAS TOO CONFUSING FOR HER. WHEN YOU SHOWED HER THE TAX SAVINGS SHE WOULD RECEIVE TO BENEFIT HER FOR 2022. SHE UNDERSTAND HOW THIS MIGHT CHANGE HER CHOICES FOR ADDITIONAL LARGER ASSESTS SHE MAY PURCHASE IN 2023. SHE BOUGHT A TOTAL OF $3200 IN ASSESTS HER TAXABLE INCOME FOR 2022 IS $ 283,096 IF JULIA DECIDED TO USE SPECIAL DEPRECIATION FOR THE ASSESTS PURCHASED IN 2022. JULIA'S REFUND WOULD INCREASE BY WHAT AMOUNT?
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In February if 2023, during the preparation of Julia's 2022 return, you explained to her that the options for using either section 179 deduction or special depreciation for the purchases of her 2022 assers. In her first few years in business, she was learning so much, depreciation was too confusing for her. When you showed her the tax savings she would receive to benefit her for
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