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S, a calendar year taxpayer, made one asset purchase during 2019, manufacturing equipment costing $1,543,600. The equipment has a 7 year recovery period and was
S, a calendar year taxpayer, made one asset purchase during 2019, manufacturing equipment costing $1,543,600. The equipment has a 7 year recovery period and was placed in service in June. Assuming S makes a Section 179 election with respect to the equipment, compute S's 2019 cost recovery deduction.
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