Under Section 179, taxpayer may deduct a fixed amount of depreciable property, the limit for 2008-2010 is $250,000 if the property placed in service not exceeds $800,000.

Per Becker book, the deductable amount is $25,000 for 2011 and forward if the property placed in service not exceeds $200,000.

Which rule should be applied? Becker's answer is still using $250,000 deduction. I'm confused.

Thanks Studentcpa. very helpful!

I'll take exam this month, will the latest update be applied?

studentcpa wrote: Pls refer to this link for the latest update http://www.becker.com/accounting/cpaexamreview/students/201 1%20Regulation%203%20Update.pdf

Hi there, I just can't open the page.

Could anyone tell me what's it all about?

I saw in other discussions saying that the 2011 deduction is 500,000!?

Is that right?

Acutally i am taking REG tmr!! So really appreciate if any one could response me promotly!!Many thanks!!

The 2011 deduction is $500,000. the property placed into business not exceed $2,000,000.

I just pasted the link, it worked fine, you may try again if you want to take a look.

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