Orange Corporation acquired new office furniture on August 15, 2021, for $130,000. Orange does not elect immediate
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Orange Corporation acquired new office furniture on August 15, 2021, for $130,000. Orange does not elect immediate expensing under § 179. Orange claims any available additional first-year depreciation.
a. Determine Orange’s cost recovery for 2021.
b. How would your answer change if Orange decided to use $52,000 of bonus depreciation and use normal MACRS on the balance of the acquisition cost?
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a Oranges cost recovery for 2021 130000 50 66000 b The answer would change if the addition...View the full answer
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