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4 Terms
1
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Section 179
Bonus Depreciation
Macrs
What’s the order you look at things?
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Ordinary Assets
Inventory
Supplies for business
Real property for the business
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Capital Assets
§ Investments in securities by an individual or business
§ Personal Residence
§ Personal automobile
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What is basis?
What did you pay for it and what did it cost to put it to use
Note 
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