A small company has purchased Section 179-qualifying assets for $730000 during the year. How much money will be saved in taxes during year 1 if the following data apply: Depreciation in year 1 if Section

A small company has purchased Section 179-qualifying assets for $730000 during the year. How much money will be saved in taxes during year 1 if the following data apply: Depreciation in year 1 if Section 179 is NOT used = $182500 Loan repayment =$53000 Interest payment on loan =$17000

$136875
$182500
$119375
$241375

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A small company has purchased Section 179-qualifying assets for $730000 during the year. How much money will be saved in taxes during year 1 if the following data apply: Depreci…

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