What is the maximum depreciation deduction

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Canton corporation acquires a used machine (7 year property) on august 10 2015 at a cost of 60,000. Canton does not make the election to expense the maximum amount under 179. What is the maximum depreciation deduction canton can claim in 2015 assuming it has taxable income of 325,000?

Reference no: EM131375175

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What is the maximum depreciation deduction : Canton corporation acquires a used machine (7 year property) on august 10 2015 at a cost of 60,000. Canton does not make the election to expense the maximum amount under 179. What is the maximum depreciation deduction canton can claim in 2015 assumin..

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