Debra acquired the following new assets during the current year:
Debra acquired the following new assets during the current year:Cost$50,00030,00060,000Determine the cost recovery for the current year. Debra does not elect immediate expensing under S179.She elect not to take additional first year depreciation.
Question:Debra acquired the following new assets during the current year:Date Asset Cost April 11 Furniture $50,000 July 28November 3 TrucksComputers 30,00060,000 determine the cost recovery…
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