Debra acquired the following new assets during 2019. Determine Debra?s cost recovery deductions for the current year.

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Debra acquired the following new assets during 2019.

Determine Debra?s cost recovery deductions for the current year. Debra does not elect immediate expensing under ? 179. She does not claim any available additional first-year depreciation.

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: Sep 19, 2019 09:03 AM

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Debra acquired the following new assets during 2019. Determine Debra?s cost recovery deductions for the current year.

Question:

Date Asset Cost April 11 July 28 Furniture $40,000 Trucks 40,000 November 3 Computers 70,000

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The midquarter convention must be used because the cost ...View the full answer

South-Western Federal Taxation 2020 Comprehensive

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