On May 5, 2014, Jill purchased equipment for $40,000 to be used in her business. She did
Question:
On May 5, 2014, Jill purchased equipment for $40,000 to be used in her business. She did not elect to expense the equipment under Section 179 or bonus depreciation. On January 1, 2019, she sells the equipment to a scrap metal dealer. What is the cost recovery deduction for 2019?
a. $ 892.
b. $ 1,784.
c. $ 3,568 .
d. No deduction allowed.
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