36. LO.2 Debra acquired the following new assets during 2013: Date Asset Cost April 11 Furniture $40,000

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36. LO.2 Debra acquired the following new assets during 2013:

Date Asset Cost April 11 Furniture $40,000 July 28 Trucks 40,000 November 3 Computers 70,000 Determine the cost recovery for the current year. Debra does not elect immediate expensing under § 179. She does take additional first-year depreciation.

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

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

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Question Posted: Sep 05, 2024 11:01 AM

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36. LO.2 Debra acquired the following new assets during 2013: Date Asset Cost April 11 Furniture $40,000

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

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