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Business, 10.06.2020 22:57 elias5284

Juan acquires a new 5-year class asset on March 14, 2018, for $200,000. This is the only asset Juan acquired during the year. He does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation. On July 15, 2019, Juan sells the asset. a. Determine Juan’s cost recovery for 2017.
b. Determine Juan’s cost recovery for 2018.

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Juan acquires a new 5-year class asset on March 14, 2018, for $200,000. This is the only asset Juan...
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