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    Federal Taxation
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    Exam 19: Corporations: Distributions Not in Complete Liquidation
  5. Question
    In the Current Year, Carnation Corporation Has a § 179
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In the Current Year, Carnation Corporation Has a § 179

Question 38

Question 38

True/False

In the current year, Carnation Corporation has a § 179 expense of $40,000.As a result, in the current year, taxable income must be increased by $32,000 to determine current E & P.

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