Determine the cost recovery for the current year. debra, Ask an Expert

Accounting

Debra acquired the following new assets during the current year:
Date Asset Cost
April 11 Furniture $50,000
July 28 Trucks 30,000
November 3 Computers 60,000

Determine the cost recovery for the current year. Debra does not elect immediate expensing under S179.She elect not to take additional first year depreciation.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9420154

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