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QUESTION
In 2017, Roe Corp. purchased and placed in service a machine to be used in its manufacturing operations. This machine cost $2,031,000.
In 2017, Roe Corp. purchased and placed in service a machine to be used in its manufacturing operations. This machine cost $2,031,000. What portion of the cost may Roe elect to treat as an expense rather than as a capital expenditure?
