Rosie's has a small business. In 2022 she had business income of 230,000. During 2022, she purchased $40,000 of 5 year asset equipment. She elects to take $20,000 as a 179 deduction, but she elects not to take any additional first-year (Bonus) depreciation. What is Rosie's cost recovery deduction (179 plus MACRS) for 2022 in relation to these assets? Round your answer to the nearest dollar.

Answer rating: 100% (QA)

To calculate Rosies cost recovery deduction for 2022 in relation to these assets we ... View the full answer