This is the only property acquired this year and section, Accounting Basics

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This is the only property acquired this year and section

Problem

On November 7, 2017, Wilson Corporation, a calendar-year taxpayer, acquires 7-year property for $600,000. This is the only property acquired this year and Section 179 expensing is elected. What is Wilson s total depreciation deduction for 2017?

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Accounting Basics: This is the only property acquired this year and section

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Accounting Basics: This is the only property acquired this year and section

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