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On July 17, 2016, Elise purchases office furniture (7 year) costing $50,000 for use in her business. She wishes to use the section 179 election.

On July 17, 2016, Elise purchases office furniture (7 year) costing $50,000 for use in her business. She wishes to use the section 179 election. Her taxable income before depreciation deduction is $25,000. What is the max total cost recovery deduction Elise can take for the current year?

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