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Harvey is a CPA and an employee at ACE Accounting.On July 1, 2023 purchased a new laptop for $3,000 to be used at his office.
Harvey is a CPA and an employee at ACE Accounting.On July 1, 2023 purchased a new laptop for $3,000 to be used at his office. His firm did not reimburse him. For 2023 Harvey can: Deduct $3,000 for AGI as a business expense Deduct $3,000 as an itemized deduction. This is a nondeductible expense for 2023 Deduct $1,500 as an itemized deduction
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
