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What is the amount of depreciation allowable

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Question - In 2020, ABC Inc. has net income of $650,000 before depreciation and has purchased one used piece of equipment during the year for $1,200,000. What is the amount of Section 179 depreciation allowable?

A. $0 for used equipment.

B. $650,000

C. $1,020,000

D. $1,200,000

Reference no: EM132810814

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