Determine the cost recovery deduction


On June 1, 2013, Sam purchased used farm machinery for $150,000. Sam used the machinery in connection with his farming business. Sam does not elect to expense assets under § 179. Sam has, however, made an election to not have the uniform capitalization rules apply to the farming business. Sam takes additional first-year depreciation when available. Determine the cost recovery deduction for 2013.

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Accounting Basics: Determine the cost recovery deduction
Reference No:- TGS0698438

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