Question: Answer Mode Multiple Choice QuestionYour Answer correct Rex's Wrecks purchased $ 1 5 0 , 0 0 0 in new equipment during 2 0 2

Answer Mode
Multiple Choice QuestionYour Answer correct
Rex's Wrecks purchased $150,000 in new equipment during 2023. Rex's gross business income for the year is $1,200,000 and his business expenses (including regular and bonus depreciation) before Section 179 deduction total $1,150,000. Assuming Rex wants to take the maximum Section 179 deduction allowable, which of the following statements is correct?

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