During 2018, a corporation purchased machinery costing $1,200,000 and a warehouse costing $1,600,000. These are...
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Accounting
During 2018, a corporation purchased machinery costing $1,200,000 and a warehouse costing $1,600,000. 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:
| $700,000 |
| $1,000,000 |
| $1,200,000 |
| $2,500,00 |
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