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Saved List the recovery period for the following assets used in a trade or business: Blank 1 Office furniture Blank 2 Leasehold improvements Blank 3
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List the recovery period for the following assets used in a trade or business:
Blank Office furniture
Blank Leasehold improvements
Blank Warehouse
Blank Trailer type pulled by over the road trucks
Blank Apartment building
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Blank #
years
Blank #
years
Blank #
years
Blank #
years
Blank #
years
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Delores, who is selfemployed, flew to Chicago for a businessrelated convention. days were at the hotel to attend convention breakout sessions and days she went to the Field Museum, Shedd's Aquarium and a Cub's game.
Costs:
Airfare $
Hotel per night
Conference registration
Admissions MuseumsCubs
The hotel shuttle provided a complimentary ride from and to the airport, but Delores spent $ on taxis to visit other destinations.
Her allowable business expense is:
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Curt purchased a $ electric car for use in his LLC The maximum Section Curt may claim on this property in is
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Beth purchased pieces of equipment, both year properties, in the current year for use in her corporation. One was purchased on April for $ The other was acquired on October for $ Due to income limitations Beth will not use section or bonus. What is the st year deprecation expense? Round to the nearest dollar
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