Question
Diana acquires, for $65,000, and places in service a 5-year class asset on Dec. 19th, 2015. It is only asset that Diana acquires during 2015.
Diana acquires, for $65,000, and places in service a 5-year class asset on Dec. 19th, 2015. It is only asset that Diana acquires during 2015. Diana does not elect immediate expensing under section 179. She elects additional first-year depreciation. Calculate Diana's total cost recovery deduction for 2015.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
