Major Inc. places in service a copier on July 4, 2022 with a capitalized cost of $14,783. No other assets were placed in service during the year. Total taxable income for Major Inc., before any cost recovery for the year, was $5,050. How much of a cost recovery (depreciation) deduction will Major Inc. take on the copier above for 2022?

Answer rating: 100% (QA)

To determine the cost recovery depreciation deduction for the copier we need to consider the applica... View the full answer