Debra acquired the following new assets during 2017. Determine Debras cost recovery deductions for the current year.

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Debra acquired the following new assets during 2017.

Cost Date Asset April 11 July 28 November 3 $40,000 40,000 Furniture Trucks Computers 70,000


Determine Debra€™s cost recovery deductions for the current year. Debra does not elect immediate expensing under § 179. She does not claim any available additional first-year depreciation. 

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South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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