Ataxpayer places a $50,000 5-year recovery period asset in service in 2018. this is the only asset placed in service in 2018. assuming half-year convention, no bonus depreciation, an election to expense under section 179, and taxable income after all deductions except section 179 of $5,000, what is the amount of section 179 immediate expensing?

$5,000

Explanation:

§ 179 depreciation allows taxpayers to deduct the cost of certain assets from the income taxes as expenses. Since the taxpayer's taxable deductions after all other deductions was $5,000, then the maximum amount that the taxpayer can deduct through § 179 depreciation is $5,000. He cannot deduct more than his income.

explanation:

the contractual interest rate is the interest the borrower must pay and the interest the lender receives, or more simply, it is the interest rate stated on a bond whereas the market interest rate is “the investors demand for loaning funds”. therefore, bonds can either be sold at a premium, face value, or discount.

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