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On sept 2, 2011, barbie purchased a new car (3900lbs) that cost $25,000. Usage was 25% personal and 75% business. Barbie already used her 179 expensing on other assets. How much is her maximum cost recovery deduction?

Misty's only business purchase this year was a new computer system that cost $32,000 and was purchased on November 11, 2011. Misty doesn't want 179 expensing or the 100% expensing. How much is the cost recovery deduction?

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Accounting Basics, Accounting

Category:- Accounting Basics
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