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Travis has taxable income from his business of 500000 what

Question - During 2014, Travis purchases $130,000 of used manufacturing equipment (7-year property) for use in his business. Travis has taxable income from his business of $500,000. What is the maximum amount that Travis may deduct under the election to expense?

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Accounting Basics: Travis has taxable income from his business of 500000 what

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