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Hope Van Dyne acquired the following property in 2018: 1. Hope Van Dyne acquired the following property in 2018: Asset Computers and peripheral equipment Copy
Hope Van Dyne acquired the following property in 2018:
1. Hope Van Dyne acquired the following property in 2018: Asset Computers and peripheral equipment Copy machines Textile dyeing equipment Cost $ 70,000 January 30 August 1 November 15 150,000 1,800,000 1,920,000 Hope elects 5 179 treatment for the dyeing equipment. You may assume that there is no 5 179 business income limitation that applies and that Hope does not elect bonus depreciation. Calculate her total cost recovery deduction (including the $ 179 deduction) for the yearStep by Step Solution
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