Greta,a calendar-year taxpayer,acquires 5-year tangible personal property in 2013 and places the property in service on the following schedule:
Greta elects to expense the maximum under Section 179,and selects the property placed into service on November 8.Her business 's taxable income before section 179 is $900,000.What is the total cost recovery deduction (depreciation and Sec.179)for 2013?
Correct Answer:
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