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Indicate the amount of deduction

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Question - Various equipment was purchased and placed in service this year in the amount of $3,000,000. Taxable income before the 179 deduction was $800,000. Indicate the amount of deduction under the Section 179 election.

a. No 179 election is allowed

b. $1,040,000

c. $630,000

d. $2,590,000

e. $800,000

Reference no: EM132838811

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