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Kelly owns a potato chip manufacturing business. Since the demand for her gourmet potato chips is on the rise, Kelly has decided to invest in an upgraded potato slicing machine that will slice potatoes four times as fast as her previous machine. The cost of the new potato slicer costs $200,000 and will be the only depreciable property that Kelly places in service during 2016. What is the amount of her Section 179 deduction during 2016?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92076849

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