Barry sold the asset on oct 17 2017 determine the cost


Barry purchased a used business asset (5-year property) on November 30, 2016, at a cost of $60,000. This is the only asset he purchased during the year. Barry did not elect to expense any of the asset under Section 179, nor did he elect straight-line cost recovery. Barry sold the asset on Oct. 17, 2017. Determine the cost recovery deduction for 2017.

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Accounting Basics: Barry sold the asset on oct 17 2017 determine the cost
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