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1 . TULL 8. PR.02-41 d. The Barton Brothers Partnership purchases a computer in 2017 for $8,000. The partnership elects to deduct the entire cost
1 . TULL 8. PR.02-41 d. The Barton Brothers Partnership purchases a computer in 2017 for $8,000. The partnership elects to deduct the entire cost of the computer in 2017. In 2019, Barton Brothers spends $300 to repair the computer. 9. PR.02-43 The original basis of the computer is $8,000. Adjustments are made to the basis for any expenditure that cannot be currently deducted and for any capital recoveries of the computer investment. The $300 repair cost is a 2019 expense and does not affect basis, resulting in an adjusted basis of $ 10. PR.02-44 11. PR.02-49 Feedback 12. PR.02-60 Check My Work Partially correct 13. PR.02-61 Feedback Check My Work Partially correct
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