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WebTaxpayers may expense under section 179 the cost of depreciable personal property placed in service during the year and used in a trade or business in an amount up to a maximum of $2,590,000 annually. False. For 2024, the maximum cost of depreciable personal property that may be expensed in the year of acquisition is $1,040,000. WebCengage: Digital Course Solutions & Online Textbooks – Cengage truffles animal crossing
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