Weston acquires a new office machine (7-year class asset) on November 2, 2015, for $75,000. This is

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Weston acquires a new office machine (7-year class asset) on November 2, 2015, for $75,000. This is the only asset Weston acquired during the year.
He does not elect immediate expensing under § 179. He claims the maximum additional first-year depreciation deduction. On September 15, 2016, Weston sells the machine.
a. Determine Weston's cost recovery for 2015.
b. Determine Weston's cost recovery for 2016.
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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

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

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