Firm o purchased two items of business personality during, Financial Accounting

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Firm o purchased two items of business personality during

Firm O purchased two items of business personality during the year. The first item cost $500,000 and has a five-year recovery period, and the second item also cost $500,000 and has a seven-year recovery period. Firm O wants to make the section 179 election for one of its new assets. Which asset should the firm choose and why?

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Financial Accounting: Firm o purchased two items of business personality during

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