I realize it may be a bit late in the game to be pondering this, but does anyone know for sure which numbers will be used on REG for limitations? I've been advised that it's largely unnecessary to remember many of the ones that change from year-to-year...the one that's sticking out to me as one I might need to remember is Sec 179 expense.
I know the rule with either be $250K/$800K or $500K/$2M, and I'm aware of the significance of all of those numbers. Do you think it will probably be obvious enough in the question as to which limits they intend for me to imply? Also, are there any other limitations that are of high importance to know?
Thanks! Here's hoping this exam comes to an end for me in just a few short days...
FAR 07/27/11 - 87
AUD 10/01/11 - 85
BEC 11/15/11 - 87
REG 01/03/12 - 92
AUD 10/01/11 - 85
BEC 11/15/11 - 87
REG 01/03/12 - 92
