Ned purchased machinery (7-year property) in 2017 for $100,000. Sec. 179 is not elected and...
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Ned purchased machinery (7-year property) in 2017 for $100,000. Sec. 179 is not elected and he elected out of bonus depreciation. He sells the property in 2019. What is the depreciation deduction for 2019?
1. $17,490
2. $ 8,745
3. $ 0
4. None of the answers provided is correct.
5. $ 7,145
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