How much is the maximum cost recovery deduction

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Reference no: EM131870578

Crystal Enterprises, a multi location printing company, purchased the following during 2017:

New printing machines costing $560,000.

-How much is the maximum cost recovery deduction for 2017, assuming the owners have adequate net income?

-Assuming they claimed the maximum in 2017, how much is deductible in 2020?

-Assuming the photocopiers were sold for $75,000 on April 18, 2020 cost recovery deduction?

CEO's used vechile (2015 4,800 lbs) costing $32,500

-How much is the maximum cost recovery deduction for 2017, assuming the owners have adequate net income?

-Assuming they claimed the maximum in 2017, how much is deductible in 2019?

Improvements to real estate used in the business. Cost, $375,000 allocated to goodwill. How much is deductible in 2018? How uch for 2022?

Reference no: EM131870578

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