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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 $2,104,700
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W&F Company, a Calendar Year Taxpayer, Purchased a Total of $2,104,700

Question 94

Question 94

Multiple Choice

W&F Company, a calendar year taxpayer, purchased a total of $2,104,700 tangible personalty in 2013. How much of this cost can W&F elect to expense under Section 179?


A) -0-
B) $104,700
C) $395,300
D) $500,000

Correct Answer:

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