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  3. Study Set
    Principles of Taxation
  4. Exam
    Exam 7: Property Acquisitions and Cost Recovery Deductions
  5. Question
    Song Company,a Calendar Year Taxpayer,purchased a Total of $2,034,400 Tangible
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Song Company,a Calendar Year Taxpayer,purchased a Total of $2,034,400 Tangible

Question 102

Question 102

Multiple Choice

Song Company,a calendar year taxpayer,purchased a total of $2,034,400 tangible personalty in 2017.How much of this cost can Song elect to expense under Section 179?


A) -0-
B) $510,000
C) $2,034,400
D) None of the above

Correct Answer:

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