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Exercise 8-26 (LO. 3) McKenzie purchased qualifying equipment for his business that cost $212,000 in 2018. The taxable income of the business for the year

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Exercise 8-26 (LO. 3) McKenzie purchased qualifying equipment for his business that cost $212,000 in 2018. The taxable income of the business for the year is 5,600for 2018. His 5 179 carryover to 2019 is on the 5,600 X for 2018. His $ 179 carryover to 2019 is

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