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Sid bought a new $410,000 seven-year class asset on August 2, 2012.On December 2, 2012, he purchased $160,000 of used five-year class assets. Sid does take additional first-year depreciation if available.If Sid elects § 179, what is the maximum write-off for these purchases for 2012?
Neoclassical Artist
An artist who is part of the Neoclassicism movement, characterized by a return to classical simplicity, order, and virtues, drawing inspiration from ancient Greek and Roman art and culture.
Greek Antiquity
The period in Greek history lasting from the 8th century BCE to the end of antiquity, noted for its significant contributions to art, philosophy, politics, and science.
Jean-Auguste-Dominique Ingres
A French Neoclassical painter known for his technical precision and strong emotion, as seen in works like "The Grande Odalisque".
Hudson River School
A mid-19th century American art movement embodied by a group of landscape painters influenced by romanticism, focusing on the Hudson River Valley.
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