Question: bought and placed into services $ 1 , 0 0 0 , 0 0 0 o f machinery ( 7 year property ) this year

bought and placed into services $1,000,000of machinery (7 year property) this year Tom bought the machinery used from one of his corporation Tom can claim. Section 179 depreciation for the 7-year property but it does not qualify for bonus depreciation True or false

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