He also purchased a new computer system in december for, Ask an Expert

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Buddy Garrity, the President of Garrity Tractor Supply, bought a used Ford Explorer (weighs less than 6,000 pounds) in August 2013, for $38,000. The SUV was used 100% for the tractor supply store. He also purchased a new computer system in December for $25,000. Assuming Buddy Garrity wants to deduct the maximum possible under Section 179, compute his cost recovery deduction for 2013 and 2014.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M941664

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