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Determine Orange cost recovery

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Problem - Orange Corporation acquired new office furniture on August 15, 2019, for $130,000. Orange does not elect immediate expensing under § 179. Orange claims any available additional first-year depreciation.

a. Determine Orange's cost recovery for 2019.

b. How would your answer change if Orange decided to use $52,000 of bonus depreciation and use normal MACRS on the balance of the acquisition cost?

Reference no: EM132667552

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