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Business, 27.12.2019 03:31 jazminpratt0311

Ashley owns an unincorporated manufacturing business. in 2019, she purchases and places in service $2,650,000 of qualifying five-year equipment for use in her business. her taxable income from the business before any depreciation deduction is $900,000. ashley will elect out of bonus depreciation but plans to take the maximum allowable deduction under sec. 179. which of the following statements is true regarding the sec. 179 election

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