Audra acquires the following new five-year class property

Reference no: EM13613700

Audra acquires the following new five-year class property in 2011: Asset Acquisition Date Cost A January 10 $106,000 B July 5 $70,000 C November 15 $250,000 Total $426,000 Audra elects § 179 for Asset C. Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction. If Congress reenacts additional first-year depreciation for 2010, Audra elects not to take additional first-year depreciation. Determine her total cost recovery deduction (including the § 179 deduction) for the year

Reference no: EM13613700

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