Statutory percentage method


In 2010, Muhammad purchased a new computer for $16000. The computer is used 100% for business. Muhammad did not make a § 179 election with respect to the computer. He does not claim additional first-year depreciation.

If Muhammad uses the statutory percentage method, then his cost recovery deduction for 2011 for computing taxable income is _______ and for computing his alternative minimum tax is _______.

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Accounting Basics: Statutory percentage method
Reference No:- TGS059381

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