Determine george''s cost recovery deduction for 2009


George purchases used office furniture (seven-year class property) at a cost of $50,000 on April 20, 2009. Determine George's cost recovery deduction for 2009 for alternative minimum tax purposes, assuming George does not elect § 179 and the maximum cost recovery deduction is taken for regular income tax purposes.

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Accounting Basics: Determine george''s cost recovery deduction for 2009
Reference No:- TGS088403

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