Crouch llc placed in service on may 19, 2019, machinery and equipment (seven-year property) with a basis of $3,200,000. assume that crouch has sufficient income to avoid any limitations. calculate the maximum depreciation deduction including §179 expensing (but ignoring bonus depreciation

For each month we calculate the variance by finding the difference between the Actual numbers and Budget numbers.

Then we indicate if the practice was "Overbudget" or "Underbudget".

If the actual numbers are less than the budget numbers, the budget is we say that the budget is under budget.

If the actual numbers are more than the budget numbers, the budget is we say that the budget is over budget.

Month    Budget   Actual               Variance        Under/ over  

                                                             (Actual -Budget)   Budget

January  23,55,872   17,90,929      -5,64,943      Under Budget

February  26,54,031   28,27,606       1,73,575      Over Budget

March  22,39,980   29,24,180        6,84,200      Over Budget