Determine the cost recovery deduction for 2009


On June 1, 2009, Sam purchased new farm machinery for $50,000. 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 does elect not to take additional first-year depreciation. Determine the cost recovery deduction for 2009.

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Accounting Basics: Determine the cost recovery deduction for 2009
Reference No:- TGS088422

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