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A taxpayer purchases $507,000 worth of property that qualifies for the Section 179 deduction during the current year. The taxpayer would like to deduct the
A taxpayer purchases $507,000 worth of property that qualifies for the Section 179 deduction during the current year. The taxpayer would like to deduct the greatest depreciation expense possible (including the Section 179 deduction) on the property. Indicate how the depreciation expense should be determined:
a. An individual
b. A corporation
c. An S corporation
d. A partnership
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