Question
Crystal Enterprises, a multi location printing company, purchased the following during 2017: New printing machines costing $560,000. -How much is the maximum cost recovery deduction
Crystal Enterprises, a multi location printing company, purchased the following during 2017:
New printing machines costing $560,000.
-How much is the maximum cost recovery deduction for 2017, assuming the owners have adequate net income?
-Assuming they claimed the maximum in 2017, how much is deductible in 2020?
-Assuming the photocopiers were sold for $75,000 on April 18, 2020 cost recovery deduction?
CEO's used vechile (2015 4,800 lbs) costing $32,500
-How much is the maximum cost recovery deduction for 2017, assuming the owners have adequate net income?
-Assuming they claimed the maximum in 2017, how much is deductible in 2019?
Improvements to real estate used in the business. Cost, $375,000 allocated to goodwill. How much is deductible in 2018? How uch for 2022?
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien
8th Canadian Edition
134453735, 9780134824680, 134824687, 9780134733081 , 978-0134453736
