Buck is a cattle rancher in Wyoming and owns 20,000 acres. His gross income for the current

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Buck is a cattle rancher in Wyoming and owns 20,000 acres. His gross income for the current year is \($125,000.\) Buck spent \($35,000\) for soil and water conservation expenditures under a plan approved by a state agency. How much of these expenses can Buck deduct in the current tax year?

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