Juan acquires a new five-year class asset on March 14, 2013, for $200,000. This is the only

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Juan acquires a new five-year class asset on March 14, 2013, for $200,000. This is the only asset Juan acquired during the year. He does not elect immediate expensing under § 179. He elects not to take additional first-year depreciation. On July 15, 2014, Juan sells the asset.

a. Determine Juan's cost recovery for 2013.

b. Determine Juan's cost recovery for 2014?

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South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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