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On Nov. 3, this year, K acquired and placed into service 7-year biz equip costing $80K. In addition, on May 5th of this year, K
On Nov. 3, this year, K acquired and placed into service 7-year biz equip costing $80K. In addition, on May 5th of this year, K had also placed in biz use 5-year recovery prop costing $15K. Kerry did not elect Sec. 179 immediate expensing, and the assets are not eligible for business depreciation. No other assets were purchased during the year. The depreciation for this year is...
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