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During the third quarter of 2009, a corporation purchased machinery costing $450,000 and equipment costing $650,000. These are the only two acquisitions of depreciable property
During the third quarter of 2009, a corporation purchased machinery costing $450,000 and equipment costing $650,000. These are the only two acquisitions of depreciable property purchased by the corporation in 2009. Calculate the maximum deduction the corporation can claim under Code Sec. 179 in 2009 and the related amount of depreciation (show work)
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