Debra acquired the following new assets during 2014. Determine Debras cost recovery deductions for the current year.
Question:
Determine Debras cost recovery deductions for the current year. Debra does not elect immediate expensing under § 179. She does not claim any available additional first-year depreciation.
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Date Asset Furniture Trucks Computers Cost $40,000 40,000 70,000 April 11 43 July 28 November 3
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Related Book For
South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781285438290
18th Edition
Authors: James Smith, William Raabe, David Maloney, James Young
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