Augie purchased one new asset during the year 5 year asset, Ask an Expert

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Augie purchased one new asset during the year (5 year asset) on 11/10/2013, cost 750k. She made the 179 election. The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946682

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