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What is the amount of sec deduction that micro corp may take

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Problem 1: In 2020, Micro Corp. purchased a machine to be used in its business. The machine qualifies as Sec. 179 property. The cost of the machine is $3,010,000. What is the amount of Sec. 179 deduction that Micro Corp. may take in 2020?

Option 1: $0
Option 2: $600,000
Option 3: $620,000
Option 4: $1,040,000

Reference no: EM132843523

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