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4 On April 15, 2016, Andy purchased some furniture and fixtures (7-year property for $10,500 to be used in his business. He did not elect
4 On April 15, 2016, Andy purchased some furniture and fixtures (7-year property for $10,500 to be used in his business. He did not elect to expense the equipment under 5179 or bonus depreciation. On June 30, 2018, he sells the equipment. What is the cost recovery deduction for 2018? (Use Table 6A-1 Help Save & Exit Submit On April 15, 2016, Andy purchased some furniture and fixtures (7-year property for $10.500 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? (Use Table 6A:1) Multiple Choice $0. $918 $1,500
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