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    Taxation for Decision Makers
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    Exam 6: Property Acquisitions and Cost Recovery Deductions
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    On November 7,2015,Wilson Corporation Acquires 7-Year Property for $35,000
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On November 7,2015,Wilson Corporation Acquires 7-Year Property for $35,000

Question 61

Question 61

Multiple Choice

On November 7,2015,Wilson Corporation acquires 7-year property for $35,000.This is the only property acquired this year and Section 179 expensing is elected.What is Wilson's total depreciation deduction for 2015?


A) $27,000
B) $26,000
C) $25,357
D) $25,037

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