Jennifer owns a 40 interest in the thomas partnership she, Ask an Expert

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Jennifer owns a 40% interest in the Thomas Partnership. She also owns and operates an architectural consulting business. During the current year, the partnership purchases $150,000 worth of property qualifying under Section 179 and elects to expense $134,000. Jennifer purchases $81,600 worth of qualifying Section 179 property for use in her architectural consulting business. Write a letter to Jennifer explain- ing what she should do to maximize her cost recovery.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M91700855

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