983 on may 15 2013 brent purchased new farm equipment for, Ask an Expert

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983. On May 15, 2013, Brent purchased new farm equipment for $200,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does not take additional first-year depreciation. Determine the cost recovery deduction for 2013.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968447

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