Question
Debra acquired the following new assets during 2013: April 11 - Furniture - $40,000 July 28 - Trucks - $40,000 November 3 - Computers -
Debra acquired the following new assets during 2013:
April 11 - Furniture - $40,000
July 28 - Trucks - $40,000
November 3 - Computers - $70,000
Determine the cost recovery for the current year. Debra does not elect immediate expensing under Section 179. She does take additional first-year depreciation.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
