Debra acquired the following new assets during 2016: Determine Debra's cost recovery deductions for the current year.
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Determine Debra's 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 April 11 July 28 November 3 40,000 40,000 70,000
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Related Book For
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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