Aaron Has a Successful Business with $50,000 of Income in 2017.He

question 17

Multiple Choice

Aaron has a successful business with $50,000 of income in 2017.He purchased a new 7-year MACRS property with a cost of $7,000.For tax purposes,what is the largest write-off Aaron can obtain in 2017 for the new asset?

• A)$500
• B)$1,000
• C)$3,500
• D)$7,000

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