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On May 5 of the current year, Your Company paid $50,000 for computer software. This software is not Section 197 property. What is the first
On May 5 of the current year, Your Company paid $50,000 for computer software. This software is not Section 197 property. What is the first year deduction related to this acquisition? A. $278, B. $2,222, C.. $11,111, D. $16,667
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