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determine kristen total cost recovery deduction( including the 179deduction) Answer 6. Kristen acquires the following new five-year class property in 2018: Asset Acquisition Date January
determine kristen total cost recovery deduction( including the 179deduction)
Answer 6. Kristen acquires the following new five-year class property in 2018: Asset Acquisition Date January 10 July 5 November 15 Cost $206,000 70,000 150,000 Kristen elects $ 179 for Asset C only. Kristen's taxable income from her business would not create a limitation for purposes of the $ 179 deduction. Determine her total cost recovery deduction (including the $ 179 deduction for the year. She does not want to use bonus depreciation
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