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Weston acquires a used office machine (7 year class asset) on November2,2011, for 75,000. this is the only asset acquired by Weston during the year. He does not elect immediate expensing under section 179. On September 15,2012 Weston sell the machine.
a) determine Weston's cost recovery for 2011
b) determine Westoncost recovery for 2012

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983290

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