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Mary purchased one asset equipment - for her business during the year on January 6, 2021. The assets cost was $1,850,000. The property will be
Mary purchased one asset equipment - for her business during the year on January 6, 2021. The assets cost was $1,850,000. The property will be depreciated over ten years on a straight-line basis. Assuming Mary makes a Section 179 election, what is her total 179 expense plus depreciation expense on this asset during 2021?
$185,000 | ||
$1,050,000 | ||
$1,090,000 | ||
$1,123,000 |
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