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On July 15, 2015, Travis purchased some office furniture for $20,000 to be used in his business. He did not elect to expense the equipment
On July 15, 2015, Travis purchased some office furniture for $20,000 to be used in his business. He did not elect to expense the equipment under 179 or bonus. On December 15, 2017, he sells the equipment. What is his cost recovery deduction for 2017?
Multiple Choice
$2,858.
$3,498.
$1,749.
$0.
.
.
Which of the following properties is not eligible for the 179 expense election when purchased?
Multiple Choice
A business computer.
Rental property.
Manufacturing equipment.
A business automobile.
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