Orange Corporation acquired new office furniture on August 15, 2013, for $130,000. Orange did not elect immediate

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Orange Corporation acquired new office furniture on August 15, 2013, for $130,000. Orange did not elect immediate expensing under § 179. Orange takes additional first-year depreciation. Determine Orange's cost recovery for 2013?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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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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