Total cost recovery deduction

Reference no: EM13126548

Audra acquires the following new five-year class property in 2010:

Asset Acquisition Date Cost
A January 10 $106,000
B July 5 $70,000
C November 15 $250,000
Total $426,000

Audra elects section 179 for asset C. Audra's taxable income from her business would not create a limitation for purposes of the section 179 deduction. Audra elects not to take additional first-year depreciation. Determine her total cost recovery deduction (including section 179 deduction) for the year.

Reference no: EM13126548

Questions Cloud

How many moles of water are produced in the reaction : 2.00 x10^2 mL of .500 M HCl is mixed with 2.00 x 10^2 mL of .250 M Ba(OH)2. how many moles of water are produced in the reaction

Find probability less than eight which distribution have : Among 200 randomly selected dvd of this type suppose u have to find the probability x is less than 8 which distribution does this have?

Determine ideals and rings-homomorphisms : Prove the Second Isomorphism Theorem: If A is an ideal of R and S is a subring of R, then S+A is a subring, A, and (S intersecting A) are ideals of S+A and S, respectively, and (S+A)/A isomorphic to A/(S intersecting A).

What is the ksp of the mf2 : Some MF2 is dissolved in water at 25oC to make a saturated solution. (M is a mystery metal - it's identity can be ignored.) Some of the solution is removed and tested

Total cost recovery deduction : Audra elects section 179 for asset C. Audra's taxable income from her business would not create a limitation for purposes of the section 179 deduction. Audra elects not to take additional first-year depreciation. Determine her total cost recovery ..

Binomial expansion in ring : Let p be a prime. Show that in the ring Z-p (set of integers modulo p) we have (a+b)^p = a^p+b^p for all a, b in Z-p. The following hint was given:

What was the standard deviation and mean sales : That 95% of all daily sales fell between $19,200 and $36,400. Based on this information what were the mean sales? What was the standard deviation?

Calculate the percent of the acid : if the freezing point of a .106 m CH3COOH solution is -.348 degrees Celsius, calculate the percent of the acid that has undergone ionization?

Net method of accounting for purchase discounts : Assuming Hydra uses the perpetual inventory system and the net method of accounting for purchase discounts, what amount is recorded as inventory from this purchase?

User Account

All Pages