Question: Tom has a successful business with 100 000 of income in

Tom has a successful business with $100,000 of income in 2014. He purchases one new asset in 2014, a new machine which is 7-year MACRS property and costs $25,000. If you are Tom’s tax advisor, how would you advise Tom to treat the purchase for tax purposes in 2014? Why?
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  • CreatedJuly 16, 2015
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