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What is the maximum deduction that can be claimed

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Problem 1: On September 14, 2019, Sam purchased used 5-year recovery property for $120,000 to use in his sole proprietorship. What is the maximum deduction that can be claimed for 2019 if no amount is expensed under Sec. 179 and no bonus depreciation in deducted?

Reference no: EM132788319

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