Determine Weston cost recovery

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Problem - Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired during the year. He does not elect immediate expensing under § 179. He claims the maximum additional first-year depreciation deduction. On September 15, 2019, Weston sells the machine.

Required -

a. Determine Weston's cost recovery for 2017 and 2018.

b. Determine Weston's cost recovery for 2019.

Reference no: EM132657200

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