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Fariq Purchases and Places in Service in 2016 Personal Property

Question 92

Multiple Choice

Fariq purchases and places in service in 2016 personal property costing $2,031,000.The property does not qualify for bonus depreciation.What is the maximum Sec.179 deduction that Fariq can deduct,ignoring any taxable income limitation?


A) $500,000
B) $0
C) $479,000
D) $469,000

Correct Answer:

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