In 2021, Firm L purchased machinery costing $21,300 and elected to expense the entire cost under Section 179. How much of the expense can Firm L deduct in each of the following cases? Required:
a. How much of the expense can Firm L deduct if its taxable income before the deduction was $58,000.
b. How much of the expense can Firm L deduct if its taxable income before the deduction was $19,200.
c. How much of the expense can Firm L deduct if its net operating loss (NOL) before the deduction was $5,016.

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.