Debra acquired the following new assets during 2013april 11, Ask an Expert

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Debra acquired the following new assets during 2013:

April 11 - Furniture - $40,000

July 28 - Trucks - $40,000

November 3 - Computers - $70,000

Determine the cost recovery for the current year. Debra does not elect immediate expensing under Section 179. She does take additional first-year depreciation.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950155

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