The cost of the equipment is 150000 ralph does not elect, Accounting Basics

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The cost of the equipment is 150000 ralph does not elect

On April 20, 2015, Ralph purchased used equipment to be used in his farming business. The cost of the equipment is $150,000. Ralph does not elect immediate expensing under § 179, nor does he elect not to have the uniform capitalization rules apply. Compute Ralph's cost recovery deduction for 2015.

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Accounting Basics: The cost of the equipment is 150000 ralph does not elect

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