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Business, 11.10.2020 23:01 ghlin96

Vermont Company acquires a used machine (ten-year property) on January 15, 2018. at a cost of $400,000. Vermont also acquires another used machine (seven-year property) on November 5, 2018 at a cost of $80,000. No election is made to use the straight-line method. The company does not make the 5 179 election. Determine the total deductions in calculating taxable income related to the machines for 2018. a) $48,000
b) $100,000
c) None of the above
d) $51.432
e) $480,000

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Vermont Company acquires a used machine (ten-year property) on January 15, 2018. at a cost of $400,0...
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