On February 2, 2020, Alexandra purchases a personal computer. The computer cost $2,200. Alexandra uses the computer
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On February 2, 2020, Alexandra purchases a personal computer. The computer cost $2,200. Alexandra uses the computer 75 percent of the time in her accounting business, and the remaining 25 percent of the time for various personal uses. Calculate Alexandra’s maximum depreciation deduction for 2020 for the computer, assuming half-year convention and she does not use bonus depreciation or make the election to expense.
$_______________
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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