Question: matt bought 7 year class property on may 1 5 2 0 2 3 for 1 , 3 2 8 , 0 0 0 .

matt bought

7

year class property on may

15 2023

for

1, 328, 000 .

Matt elects section

179

and straight line cost recovery, but not additional first year depreciation. Matt's taxable income would not create a limitation for purposes of the section

179

deduction. Determine the maximum cost recovery deduction Matt can claim for

2023

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