Kondar Corporation (a calendar-year taxpayer) spent $2,090,000 to purchase used machinery in February 2017. a. What is

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Kondar Corporation (a calendar-year taxpayer) spent $2,090,000 to purchase used machinery in February 2017.

a. What is the maximum that Kondar can elect to expense under Section 179?

b. What is the basis for calculating regular MACRS depreciation on this machinery if the maximum Section 179 deduction is elected?

c. What is Kondar’s total depreciation deduction for 2017?

d. What is Kondar’s depreciation deduction for this machinery for 2018?

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