Question
On May 15, 2015, Brent purchased new farm equipment for $200,000. Brent used the equipment in connection with his farming business. Brent does not elect
On May 15, 2015, Brent purchased new farm equipment for $200,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under 179. Brent does not take additional firstyear depreciation (if available). Determine the cost recovery deduction for 2015.
| a. | $12,852.. | |
| b. | $21,420. | |
| c. | $30,000. | |
| d. | None of the above. |
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SAP Audit Black Book
Authors: Bhushan Jairamdas Mamtani
1st Edition
9351194086, 978-9351194088
