In 2013, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad

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In 2013, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a § 179 election with respect to the computer. He elects not to take additional first-year depreciation. If Muhammad uses the statutory percentage method, determine his cost recovery deduction for 2013 for computing taxable income and for computing his alternative minimum tax?
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South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

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

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