Business, 17.03.2020 05:19 2sally2

A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year convention, an election to expense under Section 179, and no income limitation, what is the amount of total cost recovery deduction (no bonus depreciation)?

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A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only ass...

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