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    Principles of Taxation
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    Exam 7: Property Acquisitions and Cost Recovery Deductions
  5. Question
    Conant Company Purchased Only One Item of Tangible Personalty in 2015
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Conant Company Purchased Only One Item of Tangible Personalty in 2015

Question 82

Question 82

True/False

Conant Company purchased only one item of tangible personalty in 2015. The cost of the item was $209,700. Conant can elect to expense $25,000 of this cost.

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