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    Principles of Taxation
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    Exam 7: Property Acquisitions and Cost Recovery Deductions
  5. Question
    W&F Company,a Calendar Year Taxpayer,purchased a Total of $2,034,700 Tangible
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W&F Company,a Calendar Year Taxpayer,purchased a Total of $2,034,700 Tangible

Question 33

Question 33

Multiple Choice

W&F Company,a calendar year taxpayer,purchased a total of $2,034,700 tangible personalty in 2017.How much of this cost can W&F elect to expense under Section 179?


A) -0-
B) $4,700
C) $505,300
D) $510,000

Correct Answer:

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