Re: ARGH help - Tax Accounting Problem + NSFW
Matt, thanks for the reply. Yes, she specifically wants to recover the costs as quickly as possible. I got confused with the example in the book but I think I got it.
Basically I'm just going to expense the $40,000 and $19,000 under section 179. The example in my book had them using section 179 AND MACRS but I found out that they had maxed out section 179 at $105,000 and was putting the remaining value of the property under MACRS.
One question: If having cash flow is so important to a business, what reason is there NOT to expense up to the maximum under section 179?
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