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How would you advise Tom to treat the purchase for tax

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Reference no: EM132676264

Problem - Tom has a successful business with $100,000 of taxable income before the election to expense in 2019. He purchases one new asset in 2019, a new machine which is 7-year MACRS property and costs $25,000. If you are Tom's tax advisor, how would you advise Tom to treat the purchase for tax purposes in 2019? Why?

Reference no: EM132676264

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