REG – 179 Deduction

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    Topic
  • #194150
    Anonymous
    Inactive

    There’s a sim in NINJA MCQ where a business owner has Furniture & Equipment that cost $12,000 and PC and Peripheral Equipment that cost $14,000. The answer explains that the 179 was applied to the Furniture and Equipment but not applied to the PC and Peripheral Equipment.

    Does anyone know why the 179 deduction would only be applied to the Furniture & Equipment and not the PC and Peripheral Equipment?

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  • #666369
    taxgeek83
    Participant

    What did the whole of the problem look like? 179 is an election, not necessarily a must do. In a real world scenario, there are a number of reasons you might choose to not expense an asset up front.

    #666370
    Anonymous
    Inactive

    I did that one today. There was no reason other than the problem stating that the computers weren't expensed under 179. There is no rule disallowing it

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