Business, 04.04.2020 08:18 edjiejwi

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? a. $0 b. $13,000 c. $25,000 d. $500,000 e. None of the above

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