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Tikrit Corporation, a calendar-year taxpayer, purchases and places into service computers with a 5-year life that cost $520,000. The mid-quarter convention does not apply, and
Tikrit Corporation, a calendar-year taxpayer, purchases and places into service computers with a 5-year life that cost $520,000. The mid-quarter convention does not apply, and the property is not eligible for bonus depreciation. Tikrit elects to depreciate the maximum amount under 179. Tikrit's taxable income for the year before the 179 deduction is $1,500,000. What is Tigris' total depreciation deduction (MACRS and 179) related to this property?
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