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Need Answer to question as follows: On June 1, 2015, Gabriella purchased a computer and peripheral equipment (five-year property) for $25,000. She used the assets
Need Answer to question as follows:
On June 1, 2015, Gabriella purchased a computer and peripheral equipment (five-year property) for $25,000. She used the assets 40% for business, 50% for the production of income, and 10% for personal use. These are the only assets Gabriella purchased during the current year. Determine her total cost recovery deduction for the current year.
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