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Business, 23.07.2019 03:10 msmojangles

Browne, a self-employed taxpayer, had 2013 business taxable income of $435,000 prior to any expense deduction for equipment purchases. in 2013, browne purchased and placed into service, for business use, office machinery costing $450,000. this was browne's only 2013 capital expenditure. browne's business establishment was not in an economically distressed area. browne made a proper and timely expense election to deduct the maximum amount. browne was not a member of any pass-through entity. what is browne's deduction under the election?

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Browne, a self-employed taxpayer, had 2013 business taxable income of $435,000 prior to any expense...
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