On November 7, 2017, Wilson Corporation, a calendar-year taxpayer, acquires 7-year property for $600,000. This is the only property acquired this year and Section 179 expensing is elected. What is Wilson's total depreciation deduction for 2017?
A) $500,000
B) $503,570
C) $513,213
D) $600,000
Correct Answer:
Verified
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