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Line 13 on IRS Schedule C (Form 1040)

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Question

Line 13 on IRS Schedule C (Form 1040) allows a firm to take depreciation as an expense. IRS Publicaiton 946 explains more t han you might ever want to know about depreciation. However, review it & discuss how Section 179 depreciation and strainght-line depreciation work Report in several paragraphs what you think is important about these two types of depreciation.

 

Paper#34201 | Written in 18-Jul-2015

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