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W&F Company, a Calendar Year Taxpayer, Purchased a Total of $2,034,700

Question 49

Multiple Choice

W&F Company, a calendar year taxpayer, purchased a total of $2,034,700 tangible personalty in 2018. How much of this cost can W&F elect to expense under Section 179? 


A)  -0-
B)  $34,700
C)  $965,300
D)  $1,000,000

Correct Answer:

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