Question: Thomas purchased a new computer for his consulting practice (100% business use) on April 15, 2020. The basis of the computer was $4,000. During the

Thomas purchased a new computer for his consulting practice (100% business use) on April 15, 2020. The basis of the computer was $4,000. During the Thanksgiving holiday, he decided the computer didn't meet his business needs and gave it to his college-aged son. The computer was never used for business purposes again. Thomas had $50,000 of taxable income before depreciation. What is Thomas's total cost recovery expense with respect to the computer during the current year?

Question:

Total cost recovery deduction for 2020.

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