[Jparker070]

NINJA Question –

I am sitting for reg this month and just got the update for the Reg nina notes. I see that there are different amounts for the section 179 expense. There is a max deduction of 25,000 for max purchases of 200,000. It says that these are for assets bought in 2014. I am assuming that this is correct and to ignore the practice questions that i have been using that have the old thresholds. While taking the exam, should i only use the new threshold only? If they say that the machine was purchased any time in 2013, shouldn’t i use the older numbers, 500,000 expense and 2 million max purchase? I am not sure if they would ask something like that, but i would hate to get a question wrong due to something easy like that.