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What amount is the maximum allowable depreciation

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Reference no: EM131915265

Question - A taxpayer purchased and placed in service during the year a $100,000 piece of equipment. The equipment is 7-year property. The first-year depreciation for 7-year property is 14.29%. There is an allowable Section 179 limit in the current year of $25,000. What amount is the maximum allowable depreciation?

Reference no: EM131915265

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