Q.

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At the beginning of its 2009 tax year, Hiram owned the following business assets. Date Placed Initial Accumulated Recovery Depreciation 6/19/07 $30,750 $11,925 70,000 49,840 7-year 5-year 5-year Half-year Furniture Equipment 5/2/06 Machinery 9/B0/06 58,000 41,296 Half-year On July 8, Hiram sold its equipment. On August 18, it purchased and placed in service new tools costing $339,000, these tools are three-year recovery property. These were Hiram's only capital transactions for the year. Compute Hiram's cost recovery d for 2009. In making your comoutation. assume ttable om before depieciation exceds $50000