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1. Juan acquires a new 7-year class asset (only purchase for the year) on March 14, 2019, for $200,000. He does not elect & 179

1. Juan acquires a new 7-year class asset (only purchase for the year) on March 14, 2019, for $200,000. He does not elect & 179 expensing. He does not claim bonus depreciation. On Dec. 15, 2020, Juan sells the asset. Determine Juan's cost recovery for 2020. $40,000 $32,000 $64,000 $28,580 $48,980 $24,490 I don't know

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