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Mario purchased a new computer for his consulting practice on October 15th of the current year. The basis of the computer was $4,000. During the
Mario purchased a new computer for his consulting practice on October 15th of the current year. The basis of the computer was $4,000. During the Thanksgiving holiday, he decided the computer didn't meet his business needs and gave it to his college-aged son in another state. The computer was never used for business purposes again. Mario had $50,000 of taxable income before depreciation. What is Mario's total cost recovery deduction with respect to the computer during the current year?
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