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  3. Study Set
    Concepts in Federal Taxation
  4. Exam
    Exam 10: Cost Recovery on Property: Depreciation, depletion, and Amortization
  5. Question
    In 2016,Sanford Corporation Purchases and Places in Service $2,410,000 of Equipment
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In 2016,Sanford Corporation Purchases and Places in Service $2,410,000 of Equipment

Question 51

Question 51

Multiple Choice

In 2016,Sanford Corporation purchases and places in service $2,410,000 of equipment for its manufacturing business.What portion of the $2,410,000 may Sanford elect to treat as a Section 179 expense?


A) $-0-
B) $15,000
C) $20,000
D) $25,000
E) $90,000

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