On February 2, 2012, Alexandra purchases a personal computer for her home. The computer cost $3,000. Alexandra
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On February 2, 2012, Alexandra purchases a personal computer for her home. The computer cost $3,000. Alexandra uses the computer 80 percent of the time in her accounting business, 10 percent of the time for managing her investments, and the remaining 10 percent of the time for various personal uses. Calculate Alexandra's maximum depreciation deduction for 2012 for the computer, assuming she does not make the election to expense or take bonus depreciation.
$___________
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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