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Michael is a self-employed public account and began his business in 2021. During 2021, he...

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Accounting

Michael is a self-employed public account and began his business in 2021. During 2021, he purchased a $1,000 computer, $400 desk chair and spent $14,000 for new HVAC for the office building he owns. Also paid $7,000 in legal /incorporation fee. Which purchase can he expense in 2021 without limitation in the current tax year?

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