Determine the cost recovery deduction for 2022

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Reference no: EM133609050

Question: Jack Reacher purchased a computer System (five-year property) on March 10, 2022, at a cost of $30,000. He also purchased a new executive Office desk (seven-year property) on November 20, 2022, at a cost of $13,000. Mr. Reacher did not elect to expense either of the assets under § 179, nor did he elect straight-line cost recovery. Jack takes additional first-year depreciation. Determine the cost recovery deduction for 2022 for these assets. a. $7,858 b. $9,586 c. $21,915 d. $43,000

Reference no: EM133609050

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