Yoyo Corporation bought ($ 42,000) worth of energy equipment in November 2013, taking an investment credit of

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Yoyo Corporation bought $\$ 42,000$ worth of energy equipment in November 2013, taking an investment credit of $\$ 4,200$. In March 2018, the firm sells the equipment for $\$ 30,000$. What is the investment credit recapture?

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 04:01 AM

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Yoyo Corporation bought ($ 42,000) worth of energy equipment in November 2013, taking an investment credit of

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The investment credit recapture is the amount by which the investment tax credit ITC claimed on th...View the full answer

CCH Federal Taxation 2019 Comprehensive Topics

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