On April 15, 2016, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used
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On April 15, 2016, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used in his business. He did not elect to expense the equipment under §179 or bonus depreciation. On June 30, 2018, he sells the equipment. What is the cost recovery deduction for 2018?
a. $ 0.
b. $ 875.
c. $1,429.
d. $1,749.
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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