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Martin Corporation Acquired 5-Year Property Costing $2,185,000 on September 10

Question 32

Multiple Choice

Martin Corporation acquired 5-year property costing $2,185,000 on September 10, 2019.This is the only property acquired this year.What is Martin's maximum total cost recovery deduction for 2019 is:


A) $542,000
B) $510,000
C) $2,185,000
D) $1,000,000

Correct Answer:

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