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During 2013, a corporation purchased machinery costing $200,000 and a warehouse costing $600,000. These are the only two acquisitions of depreciable property purchased by the corporation in 2013. The maximum deduction the corporation can claim under Code Sec. 179 in 2013 is:
a. $500,000
b. $800,000
c. $25,000
d. $200,000

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Category:- Accounting Basics
Reference No.:- M91054858

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