July 2011 amy sold office equipment used in her business

Reference no: EM13594614

Feb 2011, Kim sold the computer used mainly in her business. The computer was used 60% for business, cost $15,000, and was placed in service Sept 1 2007. How much cost recovery is allowed?

July 2011, Amy sold office equipment used in her business. The equipment cost $9,000 when purchased in april 2007. How much cost recovery is allowed?

Reference no: EM13594614

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