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Hazel purchased a new business asset (five-year asset) on september 30 2014 at a cost of $100,000. On october 4 2014 hazel placed the asset in service. This was the only asset hazel placed in service in 2014 Hazel did not elect the 179 or additional first year depreciation. On august 20 2015 hazel sold the asset. Determine the cost recovery for 2015 for the asset.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9967808

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