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Broadus, a calendar year taxpayer, purchased a total of $128,300 tangible personalty in 2022. Broadus' taxable income without regard to a Section 179 deduction was

Broadus, a calendar year taxpayer, purchased a total of $128,300 tangible personalty in 2022. Broadus' taxable income without regard to a Section 179 deduction was $92,600. Which of the following statements is true?

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