Orange Corporation acquired new office furniture on August 15, 2017, for $130,000. Orange does not elect immediate

Question:

Orange Corporation acquired new office furniture on August 15, 2017, for $130,000. Orange does not elect immediate expensing under § 179. Orange claims any available additional first-year depreciation. Determine Orange’s cost recovery for 2017.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...