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Business, 16.03.2020 23:28 Rawr5801

During 2019, Travis purchases $13,000 of used manufacturing equipment (7-year property) for use in his business, his only asset purchase that year. Travis has taxable income from his business of $51,000 before any cost recovery. What is the maximum amount that Travis may deduct under the election to expense?

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During 2019, Travis purchases $13,000 of used manufacturing equipment (7-year property) for use in h...

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