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Rosie's has a small business. In 2022 she had business income of 230,000. During 2022, she purchased $40,000 of 5 year asset equipment. She elects
Rosie's has a small business. In 2022 she had business income of 230,000. During 2022, she purchased $40,000 of 5 year asset equipment. She elects to take $20,000 as a 179 deduction, but she elects not to take any additional first-year (Bonus) depreciation. What is Rosie's cost recovery deduction (179 plus MACRS) for 2022 in relation to these assets? Round your answer to the nearest dollar.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
