Patrick purchased a new industrial printer in 2016 for his business . in 2021 he had to replace the printer's electrical system at a cost of $12000 . Patrick does not expect to replace the electrical system in the printer's again during the class life of the electrical system . the adjusted depreciation basis of the electrical system at the begging of tax year 2021 was $3500 . the allowable depreciation for the tax year 2021 was $495.  Patrick capitalized the cost of the new electrical system . Patrick has decided to make a partial disposition election. what is the amount of Patrick's partial disposition election?

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To calculate Patricks partial disposition election we need to determine the adj... View the full answer