Question: On June 5 , 2 0 2 1 , Javier Sanchez purchased and placed in service a new 7 - year class asset costing $
On June Javier Sanchez purchased and placed in service a new year class asset costing $ for use in his landscaping business, which he operates as a single member LLC Sanchez Landscaping LLC During his business generated a net income of $ before any immediate expense election. Rather than using bonus depreciation, Javier would like to use to expense $ of this asset and then use regular MACRS to cost recover the remaining cost.If required round your intermediate computations and final answers to the nearest dollar. Click here to access the depreciation table to use for this problem.aDetermine the cost recovery deductions including firstyear additional depreciation that Javier Sanchez can claim with respect to this asset in and Total cost recovery deduction in : $Total cost recovery deduction in : $bComplete Javier's Form page for Note: For the maximum is $ and the threshold amount is $ If an amount is zero, enter Enter amounts as positive numbersAttachmentSequence No
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