Question: Juan acquires a new five-year class asset on March 14, 2013, for $200,000. This is the only asset Juan acquired during the year. He does

Juan acquires a new five-year class asset on March 14, 2013, for $200,000. This is the only asset Juan acquired during the year. He does not elect immediate expensing under § 179. He elects not to take additional first-year depreciation. On July 15, 2014, Juan sells the asset.

a. Determine Juan's cost recovery for 2013.

b. Determine Juan's cost recovery for 2014?

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a 2013 MACRS cost recovery 200000 20 Table 81 40000 b 2014 MACRS cost recovery 20000... View full answer

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