Question
On July 15, 2018, 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, 2018, 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, 2019, he sells the equipment. What is his cost recovery deduction for 2019?
$0.
$2,449.
$2,858.
$3,498.
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Advanced Financial Accounting
Authors: Richard Baker, Theodore Christensen, David Cottrell
9th edition
78110920, 978-0077899165, 77899164, 978-0077484255, 77484258, 978-0078110924
