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Beverly owns a machine shop. In 2021, she purchased a new metal lathe for $27,000. Her net income was $290,000. If she elects the Section
Beverly owns a machine shop. In 2021, she purchased a new metal lathe for $27,000. Her net income was $290,000. If she elects the Section 179 deduction on the metal lathe, what is the maximum amount she can take?
$12,500
$13,500
$25,000
$27,000
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