Question: True or False? If the underlined statement is false, rewrite the statement as a true sentence. XYZ Corporation, a C corporation, placed in service $2,600,000

True or False? If the underlined statement is false, rewrite the

True or False? If the underlined statement is false, rewrite the statement as a true sentence. XYZ Corporation, a C corporation, placed in service $2,600,000 of eligible personalty in 2020.XYZ Company's taxable income before the depreciation deduction is $10,000,000. Under Section 179. XYZ Corporation can deduct $2.600,000 of cost recovery on the company's 2020 tax return

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