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On September 2, 2012, a calendar-year company purchases a used machine (5-year property) for $149,000. What is the maximum tax deduction for the machine in
On September 2, 2012, a calendar-year company purchases a used machine (5-year property) for $149,000.
What is the maximum tax deduction for the machine in 2012?
a. $29,800
b. $83,400
c. $139,000
d. $141,000
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