Answered: Determine her total cost recovery…

Business

Accounting

Determine her total cost recovery deduction.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 22CE

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Question

Audra acquires the following new five-year class property in 2020:

Asset Acquisition Date Cost

A January 10 $ 106,000

B July 5 70,000

C November 15 100,000

Total $276,000

Audra does not elect §179 treatment for Asset.

Determine her total cost recovery deduction.

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