If Congress reenacts additional first-year depreciation for 2010, he elects not to take additional first-year depreciation. On
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If Congress reenacts additional first-year depreciation for 2010, he elects not to take additional first-year depreciation. On July 15, 2011, Juan sells the asset.
a. Determine Juan’s cost recovery for 2010.
b. Determine Juan’s cost recovery for 2011.
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Related Book For 
South Western Federal Taxation 2011 Taxation Of Business Entities
ISBN: 9780538498616
14th Edition
Authors: James E. Smith, William A. Raabe, David M. Maloney
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