Total cost recovery deduction for the year

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Reference no: EM13790002

John purchased three new front loaders on January 15, 2014 for $550,000 and elects section 179 expensing on the front loaders. He also purchased a dump truck on January 18, 2014 for $80,000. He elects to take additional first year depreciation on both the loaders and dump truck. What is John's total cost recovery deduction for the year?

Reference no: EM13790002

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Total cost recovery deduction for the year : John purchased three new front loaders on January 15, 2014 for $550,000 and elects section 179 expensing on the front loaders. He also purchased a dump truck on January 18, 2014 for $80,000. He elects to take additional first year depreciation on ..

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