Yoyo Corporation bought ($ 42,000) worth of energy equipment in November 2013, taking an investment credit of
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Yoyo Corporation bought \(\$ 42,000\) worth of energy equipment in November 2013, taking an investment credit of \(\$ 4,200\). In March 2018, the firm sells the equipment for \(\$ 30,000\). What is the investment credit recapture?
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The investment credit recapture is the amount by which the investment tax credit ITC claimed on th...View the full answer
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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