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Business, 29.10.2019 21:31 justalittle
Weston acquires a new office machine (7-year class asset) on august 2, 2017, for $75,000. this is the only asset weston acquired during the year. he does not elect immediate expensing under § 179. he claims the maximum additional first-year depreciation deduction. on september 15, 2018, weston sells the machine. determine weston’s cost recovery for 2017. determine weston’s cost recovery for 2018.
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Weston acquires a new office machine (7-year class asset) on august 2, 2017, for $75,000. this is th...
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