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Barry purchased a business asset (five year property) on November 30, 2018, at a cost of $100,000. This is the only asset he purchased during
Barry purchased a business asset (five year property) on November 30, 2018, at a cost of $100,000. This is the only asset he purchased during the year. Barry elected out of additional first year depreciation and did not elect to expense any of the asset under section 179. Barry sold the asset on may 17, 2019. Determine the cost recovery deduction for 2019.
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