Question
Craig purchased a new business asset (three-year personalty) on June 18, 2020, at a cost of $70,000. James takes additional first-year depreciation but does not
Craig purchased a new business asset (three-year personalty) on June 18, 2020, at a cost of $70,000. James takes additional first-year depreciation but does not elect Section 179 expense on the asset. Determine the cost recovery deduction for 2019.
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$8,333
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$45,566
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$35,000
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$70,000
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Bank Performance, Risk And Firm Financing
Authors: P. Molyneux
1st Edition
0230313353, 9780230313354
