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  3. Study Set
    Principles of Taxation
  4. Exam
    Exam 7: Property Acquisitions and Cost Recovery Deductions
  5. Question
    W&F Company, a Calendar Year Taxpayer, Purchased a Total of $2,004,700
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W&F Company, a Calendar Year Taxpayer, Purchased a Total of $2,004,700

Question 5

Question 5

Multiple Choice

W&F Company, a calendar year taxpayer, purchased a total of $2,004,700 tangible personalty in 2016. How much of this cost can W&F elect to expense under Section 179?


A) -0-
B) $4,700
C) $495,300
D) $25,000

Correct Answer:

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