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7) In July 2018, Nancy purchases equipment for $65,000 to be used in her business. Assuming Nancy has a small net loss from her business
7) In July 2018, Nancy purchases equipment for $65,000 to be used in her business. Assuming Nancy has a small net loss from her business prior to the deduction, what is the maximum amount of 8179 cost recovery Nancy can deduct? A) $7,860. B) $0. C) $31,430. D) $65,000
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