Debra acquired the following new assets during 2017: Date _________________ Asset ____________ Cost April 11 .................. Furniture
Question:
Debra acquired the following new assets during 2017:
Date _________________ Asset ____________ Cost
April 11 .................. Furniture .............. $40,000
July 28 ..................... Trucks ................ 40,000
November 3 ............ Computers .............. 70,000
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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Related Book For 
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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