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7) Inga, a calendar-year taxpayer, acquires 5-year tangible personal property in 2019 and places the property in service on the following schedule: Date placed in
7) Inga, a calendar-year taxpayer, acquires 5-year tangible personal property in 2019 and places the property in service on the following schedule: Date placed in service January 15 May 25 November 8 Acquisition Cost $ 7,000 $10,000 $1,028,000 Inga elects to expense the maximum under Sec. 179, and selects the property placed into service on November 8 for Sec. 179 expensing. She elects out of bonus depreciation. Her business's taxable income before Sec. 179 is $1,790,000. What is the total cost recovery deduction (depreciation and Sec. 179) for 2019
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