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Business, 24.03.2020 02:35 Emorej22

James purchased a new business asset (three-year personalty) on July 23, 2017, at a cost of $40,000. James takes additional first-year depreciation but does not elect Section 179 expense on the asset. Determine the cost recovery deduction for 2017

a. $8,333
b. $26,666
c. $33,333
d. $41,665

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James purchased a new business asset (three-year personalty) on July 23, 2017, at a cost of $40,000....
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