During 2012 travis purchases 130000 of used manufacturing, Ask an Expert

Accounting

During 2012, Travis purchases $130,000 of used manufacturing equipment (7-year property) for use in his business. Travis has taxable income from his business of $500,000. What is the maximum amount that Travis may deduct under the election to expense?

Select one:

a. $250,000
b. $18,571
c. $0
d. $130,000
e. None of the above

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