Question: Rustin bought used, 7-year class property on May 15, 2017, for $520,000. Rustin elects Section 179. Rustin's taxable income would not create a limitation for

Rustin bought used, 7-year class property on May 15, 2017, for $520,000. Rustin elects Section 179. Rustin's taxable income would not create a limitation for purposes of the Section 179 deduction. Rustin elects not to take additional first-year depreciation. Determine the write-off Rustin can take in 2017.

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