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In 2016,Steve Purchases $975,000 of Equipment

Question 59

Multiple Choice

In 2016,Steve purchases $975,000 of equipment.The taxable income of the business is $10,000.What is Steve's maximum Section 179 deduction in 2016?

A) $10,000
B) $- 0 -
C) $25,000
D) $975,000
E) $500,000

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