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Determine janelle cost recovery

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Question - Janelle acquires a used seven-year class asset on January 3, 2005, for a certain sum of money. She does not elect to expense any of the asset under § 179 or straight-line cost recovery. She sells the asset on March 4, 2009. Determine Janelle's cost recovery in 2005 and 2009.

Reference no: EM131821754

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