LO.7 In 2018, Muhammad purchased a new computer for $16,000. The computer is used 100% for business.
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LO.7 In 2018, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a 179 election with respect to the computer. He does not claim any available additional first-year depre- ciation. If Muhammad uses the regular MACRS method, determine his cost recovery deduction for 2018 for computing taxable income and for computing his alternative minimum tax.
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Related Book For
Essentials Of Taxation Individuals And Business Entities 2019
ISBN: 9780357233290
1st Edition
Authors: William A Raabe, James C Young
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