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Dave placed in service $50,000 of business equipment (5-year property) in 2021 and elected to expense the entire amount under sec.179. In 2022 the equipment
Dave placed in service $50,000 of business equipment (5-year property) in 2021 and elected to expense the entire amount under sec.179. In 2022 the equipment is converted to nonbusiness use. What amount of ordinay income must dave recognize in 2022?
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