On may 15 2009 brent purchased new farm equipment for, Ask an Expert

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On May 15, 2009, Brent purchased new farm equipment for $40,000. Brent used the equipment in connection with his farming business. Brent does not elect to expense assets under § 179. Brent does elect not to take additional first-year depreciation. Determine the cost recovery deduction for 2009.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M988433

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