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Accounting

Assume the same facts as in the previous problem. However, for this problem, assume that Jessie purchased the business equipment for $2,300,000 (instead of $1,000,000). What is the most that may be deducted in 2013 under Section 179 of the Code (ignore any potential deductions resulting from bonus deprecation or MACRS)?

a. $2,300,000

b. $500,000

c. $200,000

d. $0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942360

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