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Business, 16.10.2019 01:20 clevelandjaniya

Hazel purchased a new business asset (five-year asset) on september 30, 2019, at a cost of $100,000. on october 4, 2019, she placed the asset in service. this was the only asset she placed in service in 2019. hazel did not elect § 179 or additional first-year depreciation. on august 20, 2020, hazel sold the asset. determine the cost recovery for 2020 for the asset.

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