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What the maximum deduction the corporation can claim

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Problem 1: During 2018, a corporation purchased machinery costing $20,000 and a warehouse costing $160,000. These are the only two acquisitions of depreciable property purchased by the corporation in 2018. The maximum deduction the corporation can claim under Code Sec. 179 in 2018 is:

1) $60,000

2) $80,000

3) $20,000

4) $25,000

Reference no: EM132830596

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