Question: In 2017, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a 179 election with
In 2017, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a ยง 179 election with respect to the computer. He does not claim any available additional first-year depreciation. If Muhammad uses the MACRS statutory percentage method, determine his cost recovery deduction for 2017 for computing taxable income and for computing his alternative minimum tax?
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