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Business, 11.11.2019 19:31 officialariana01

Barry purchased a used business asset (seven-year property) on september 30, 2019, at a cost of $200,000. this is the only asset he purchased during the year. barry did not elect to expense any of the asset under § 179, did not claim additional first-year depreciation, and did not elect straight-line cost recovery. barry sold the asset on july 17, 2020. determine the cost recovery deduction for 2020.

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Barry purchased a used business asset (seven-year property) on september 30, 2019, at a cost of $200...
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