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Xavier bought equipment(seven-year property) on July 15, 2015 for $2,176,000. He elects to expense as much as possible under 179 and plans on using...
Xavier bought equipment(seven-year property) on July 15, 2015 for $2,176,000. He elects to expense as much as possible under 179 and plans on using the bonus depreciation. Xavier's taxable income is $1,900,000. What is the maximum depreciation deduction Xavier can take in 2015 for the equipment including the allowable 179 expense and bonus depreciation