which asset would not qualify for section 179?\n$1.5m warehouse hvac system\n$800,000 delivery…

which asset would not qualify for section 179?\n$1.5m warehouse hvac system\n$800,000 delivery truck\n$500,000 land\n$200,000 office furniture

which asset would not qualify for section 179?\n$1.5m warehouse hvac system\n$800,000 delivery truck\n$500,000 land\n$200,000 office furniture

Answer

Brief Explanations:

Section 179 allows for immediate expensing of certain depreciable, tangible personal - property used in a trade or business. Land is not a depreciable asset for Section 179 purposes as it has an unlimited life and does not wear out. HVAC systems, delivery trucks, and office furniture are depreciable tangible personal - property.

Answer:

$500,000 land