Sorensen Corporation Purchases Equipment in 2016 for $200,000

question 77

Multiple Choice

Sorensen Corporation purchases equipment in 2016 for $200,000.Sorensen has substantial taxable income and desires to minimize this amount to the fullest extent possible.How much can Sorensen deduct under Section 179?

• A)$25,000
• B)$30,000
• C)$50,000
• D)$20,000
• E)$200,000

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