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1. Hope Van Dyne acquired the following property in 2018: Cost Asset Computers and peripheral equipment Copy machines Textile dyeing equipment Acquisition January 30 August

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1. Hope Van Dyne acquired the following property in 2018: Cost Asset Computers and peripheral equipment Copy machines Textile dyeing equipment Acquisition January 30 August 1 November 15 70,000 150,000 1.800,000 1,920,000 Hope elects $ 179 treatment for the dyeing equipment. You may assume that there is no $ 179 business income limitation that applies and that Hope does not elect bonus depreciation. Calculate her total cost recovery deduction (including the 5 179 deduction) for the year. Cassie purchased and placed into service a computer and peripheral equipment for $60,000 on August 31, 2018, she used the assets 45% for business, 40% for the production of income, and 15% for personal use. These are the only assets Cassie purchased during the current year. Determine her total cost recovery deduction for the current year. 2

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