Alice purchased business office furniture on september 20


Problem

Alice purchased business office furniture on September 20, 2015, for$55,000. On October 10, 2015, she purchased business computers for $30,000. These assets were placed in service on January 15, 2016. Alice elects to expense the office furniture under § 179, and elects straight-line depreciation on the computers. The business earns $50,000 in 2016 before cost recovery. What is Alice's cost recovery for 2016?

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Accounting Basics: Alice purchased business office furniture on september 20
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