John purchased three new front loaders on january 15 2014, Finance Basics

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John purchased three new front loaders on january 15 2014

John purchased three new front loaders on January 15, 2014 for $550,000 and elects section 179 expensing on the front loaders. He also purchased a dump truck on January 18, 2014 for $80,000. He elects to take additional first year depreciation on both the loaders and dump truck. What is John's total cost recovery deduction for the year?

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Finance Basics: John purchased three new front loaders on january 15 2014

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