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What is the maximum deduction xavier can take

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Reference no: EM132585461

Question 1: Xavier bought furniture and fixtures (7-year property) on September 15, 2019 for $1,025,000. He elects to expense as much as possible under Section 179 but does not elect the 100% bonus. Xavier's earned income for the year is $1,200,000. What is the maximum deduction Xavier can take in 2019 for the equipment? (Round answers to the nearest dollar)

Reference no: EM132585461

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