In 2017, Dolly purchased and placed into service qualifying depreciable property at a total cost of $2,280,000.
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In 2017, Dolly purchased and placed into service qualifying depreciable property at a total cost of $2,280,000. Dolly has elected to take the § 179 deduction. What is Dolly’s § 179 deduction for 2017?
a. $0
b. $260,000
c. $510,000
d. $1,770,000
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Related Book For
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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