What is harry csot recovery


Harry purchases a 7 year business asset (not listed property) on july 30, 2011, at a cost of $100,000. harry did not elect to expense under section 179 nor did he elect straight line cost recovery. harry sold the asset on february 11, 2013. Assuming the macrs percentage in 2013 is 12.49%, what is harry's csot recovery for 2013?

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Accounting Basics: What is harry csot recovery
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