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Business, 15.11.2019 03:31 minecraftsam2018
Barry purchased a used business asset (seven-year property) on september 30, 2017, at a cost of $200,000. this is the only asset he purchased during the year. barry did not elect to expense any of the asset under § 179, did not take additional first-year depreciation, and did not elect straight-line cost recovery. barry sold the asset on july 17, 2018. determine the cost recovery deduction for 2018.
a. $19,133
b. $24,490
c. $34,438
d. $55,100
e. none of the above
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Barry purchased a used business asset (seven-year property) on september 30, 2017, at a cost of $200...
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