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what is the gain /loss that was incurred 4. Kevin purchased office furniture (7 year) on September 20, 2019, for $160,000. On October 10, 2019
what is the gain /loss that was incurred
4. Kevin purchased office furniture (7 year) on September 20, 2019, for $160,000. On October 10, 2019 he purchased a business computer (5 year) for $90,000. Kevin did not elect to expense any of the assets under $ 179, nor did he elect straight-line cost recovery. Kevin does elect not to take additional first- year depreciation (Bonus). Determine the cost recovery deduction for the business assets for 2019. If Kevin sold the computer on June 8, 2021 for $67,500 what is the gain (loss) that was incurred? 2019 2020 2021 (Just the Computer)
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