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Mary purchased and placed into service a new five-year class asset on March 7, 2015. The asset was listed property (not an automobile). It was
Mary purchased and placed into service a new five-year class asset on March 7, 2015. The asset was listed property (not an automobile). It was used 55% for business, 5% for the production of income, and the rest of the time for personal use. The asset cost $900,000. Mary made the 179 election. The income from the business before the 179 deduction was $600,000. Mary does take additional first-year depreciation. Determine the total deductions with respect to the asset for 2015?
A. $72,000
B. $271,600
C. $524,000
D. $600,000
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