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Lionel Enterprises bought one item of tangible personal property in 2 0 2 3 , costing $ 3 , 0 5 0 , 7 0

Lionel Enterprises bought one item of tangible personal property in 2023, costing $3,050,700. Lionel can choose to expense $1,200,000 of this cost under Section 179.
a. True
b. False
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