During March 2013, Sam constructed new agricultural fences on his farm. The cost of the fencing was

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During March 2013, Sam constructed new agricultural fences on his farm. The cost of the fencing was $80,000. Sam does not elect immediate expensing under § 179, but an election not to have the uniform capitalization rules apply is in effect. Compute Sam's cost recovery for 2013 assuming that Sam wants to maximize his cost recovery?
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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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