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John is a technician for the company. During the current year, he purchased equipment that qualifies for the 179 deduction. John paid $50,000 for the
John is a technician for the company. During the current year, he purchased equipment that qualifies for the 179 deduction. John paid $50,000 for the equipment and was reimbursed the set amount of 40,000. Identify the relevant tax issues for John with respect to 179 and the computation of his taxable income.
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