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Aaron Has a Successful Business with $50,000 of Income in 2018.He

Question 81

Multiple Choice

Aaron has a successful business with $50,000 of income in 2018.He purchased a new 7-year MACRS property with a cost of $7,000.For tax purposes, what is the largest write-off Aaron can obtain in 2018 for the new asset?


A) $500
B) $1,000
C) $3,500
D) $7,000

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