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Woburn Corporation uses the calendar year as its tax year. Woburn purchases and places into service $850,000 of depreciable property during 2016: Cost Recovery Period
Woburn Corporation uses the calendar year as its tax year. Woburn purchases and places into service $850,000 of depreciable property during 2016: Cost Recovery Period January 20 $400,000 7 years August 2 $150,000 7 years November 15 $300,000 5 years You are working in Woburns tax department and are trying to decide how to make the Sec. 179 election so as to maximize Woburns 2016 depreciation deduction. What tax issues should you consider for this decision?
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