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Aaron has a successful business with $50,000 of income in 2012. He purchased one new asset in 2012, a new machine that is 7-year MACRS property, with a cost of $7,000. Of the options available for allocating the cost of the asset over time, for tax purposes, what is the largest prepare-off Aaron can obtain in 2012?

Select one:

a. $1,000

b. $3,500

c. $500

d. $7,000

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  • Reference No.:- M946063

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