On June 26, 2011, Elaine purchased and placed into service a new computer system costing $8,000. The
Question:
a. Compute the depreciation deduction for the computer system in 2013 and the cost recovery recapture.
b. Assume that Elaine had instead expensed the cost of the computer system under Section 179 in 2011. Compute the cost recovery recapture in 2013.
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Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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