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What are the total cost recovery deductions in 2010 assuming he elects Section 179 and does NOT take bonus depreciation? Assume Section 179 taken on
What are the total cost recovery deductions in 2010 assuming he elects Section 179 and does NOT take bonus depreciation? Assume Section 179 taken on properties in order of acquisition.
- January 25 7 year property $700,000
- May 17 5 year property $600,000
- August 4 5 year property $400,000
- November 19 7 year property $1,300,000
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