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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 19: Corporations: Distributions Not in Complete Liquidation
  5. Question
    In the Current Year, Carnation Corporation Has a § 179
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In the Current Year, Carnation Corporation Has a § 179

Question 8

Question 8

True/False

In the current year, Carnation Corporation has a § 179 expense of $20,000. As a result, in the current year, taxable income must be increased by $16,000 to determine current E & P.

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