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Chipper,a Calendar-Year Corporation,purchased New Machinery for $1,125,000 in February,2014

Question 57

Multiple Choice

Chipper,a calendar-year corporation,purchased new machinery for $1,125,000 in February,2014.In October,it purchased $1,075,000 of used machinery.What was Chipper's maximum cost recovery deduction for 2014?


A) $2,200,000
B) $1,257,190
C) $1,030,793
D) $712,333

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