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Sally Smith is a self-employed individual taxpayer. During 2022, she acquired the following new assets: Asset Office Furniture Truck (more than 6,000 pounds) Computer
Sally Smith is a self-employed individual taxpayer. During 2022, she acquired the following new assets: Asset Office Furniture Truck (more than 6,000 pounds) Computer system Cost $50,000 30,000 (100% business use) 65,000 Date Acquired January 3 January 16 March 1 Date Placed into Service January 3 February 1 March 16 Sally does not elect immediate expensing under Section 179. She does not claim any available additional first-year depreciation. Calculate Sally's cost recovery deductions for 2022, 2023, and 2028. Assume in Question 1 that Sally sold the computer system in 2024. What amount of depreciation could she claim that year for the computer system?
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