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In June 2021, Kelly purchased new equipment for $26,000 to be used in her business. Assuming Kelly has net income from h
Posted: Thu May 19, 2022 1:51 pm
by answerhappygod
- In June 2021 Kelly Purchased New Equipment For 26 000 To Be Used In Her Business Assuming Kelly Has Net Income From H 1 (19.44 KiB) Viewed 47 times
In June 2021, 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? (Use Table 6A-1) Multiple Choice $3,715. $13,000. $14,858. $26,000.