Ask Question
28 November, 03:42

In june 2016, kelly purchased new equipment for $26,000 to be used in her business. assuming kelly has net income from her business of $75,000 prior to the deduction, what is the maximum amount of cost recovery kelly can deduct rounded to the nearest dollar, assuming she does not elect §179 expense or bonus depreciation

+4
Answers (1)
  1. 28 November, 07:16
    0
    The answer is " $14,858".

    this is how we calculate this;

    She purchased new equipment for = $26,000

    ($26,000 * 50% bonus) + ($13,000 * 14.29%)

    =13,000 + 1857.7

    = $14,857.7 = $14,858
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In june 2016, kelly purchased new equipment for $26,000 to be used in her business. assuming kelly has net income from her business of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers