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Business, 19.11.2019 06:31 kellypechacekoyc1b3

Olga is the proprietor of a small business. in 2019, the business's income, before consideration of any cost recovery or § 179 deduction, is $250,000. olga spends $620,000 on new 7-year class assets and elects to take the § 179 deduction on them. she does not claim any available additional first-year depreciation. olga's cost recovery deduction for 2019, except for the cost recovery with respect to the new 7-year assets, is $95,000.

a. what is the tentative amount of olga's overall § 179 deduction for the seven-year class assets before any income limitation?

b. what is the total amount of olga's § 179 deduction for the seven-year class assets after any income limitation?

c. what is olga's total cost recovery depreciation deduction (including any § 179 deduction)?

d. what is the amount of any § 179 carryforward?

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