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A Partnership Has $23,000 of Depreciation Expense and $25,000 of Section

Question 41
Multiple Choice

A partnership has $23,000 of depreciation expense and $25,000 of Section 179 expense.How are the depreciation and Section 179 expenses reported? A)Depreciation is treated as a $23,000 ordinary expense and the $25,000 Section 179 expense is separately stated. B)As a $48,000 ordinary expense item. C)Section 179 is treated as a $25,000 ordinary expense and the $23,000 depreciation is separately stated. D)Both as separately stated items.

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