Debra acquired the following new assets during 2017. Determine Debras cost recovery deductions for the current year.
Question:
Determine Debras 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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Cost Date Asset April 11 July 28 November 3 $40,000 40,000 Furniture Trucks Computers 70,000
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Related Book For
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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