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8. In 2020, Gee Corp. purchased and placed in service a used machine to be used in its manufacturing operations. This machine cost $3,100,000. What

8. In 2020, Gee Corp. purchased and placed in service a used machine to be used in its manufacturing operations. This machine cost $3,100,000. What portion of the cost may Gee elect to treat as an expense under Sec. 179? a. $0 b. $530,000 C. $1,040,000 d. $3,100,000

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