On April 20, 2013, Ralph purchased used equipment to be used in his farming business. The cost

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On April 20, 2013, Ralph purchased used equipment to be used in his farming business. The cost of the equipment is $150,000. Ralph does not elect immediate expensing under § 179; nor does he elect not to have the uniform capitalization rules apply. Compute Ralph's cost recovery for 2013?
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South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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