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Delta Corporation purchased three assets during 2013: a new automobile costing $60,000, used office furniture costing $600,000, and a warehouse costing $850,000 (of which $100,000
Delta Corporation purchased three assets during 2013: a new automobile costing $60,000, used office furniture costing $600,000, and a warehouse costing $850,000 (of which $100,000 is for the land). Which asset(s) should Delta Corporation have elected Section 179 expensing for to have maxi- mized its depreciation expense and why?
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