Juan acquires a new five-year class asset on march 14 2011

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Juan acquires a new five-year class asset on March 14, 2011 for $150,000. This is the only asset he acquired and does not elect immediate expensing or additional first-year depreciation. On July 15, 2012 the asset is sold. Determine the recovery for years 2011 and 2012.

In some instances it needs to be determined if 40% of the asset was placed into service in the fourth quarter, but this asset was acquired in the 1st quarter 2011. I keep getting confused on what table to use to get the applicable percentages.

Reference no: EM13605154

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