Allison purchased equipment that cost $100,000 for use in her business. she expects the equipment to be useful for the business for the next 8 years. which of the following choices correctly describes the tax treatment of the cost of the equipment?
a.) the equipment should not be deducted until the year allison sells or disposes of it.
b.) the equipment should be capitalized and depreciated according to the tax code
c.) the equipment should be deducted in the year it is purchases
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