Weston acquires a new office machine seven-year class asset

Reference no: EM13576798

Weston acquires a new office machine (seven-year class asset) on November 2, 2013, for $75,000. This is the only asset Weston acquired during the year. He does not elect immediate expensing under § 179. He does take additional first-year depreciation. On September 15, 2014, Weston sells the machine.

If required round your intermediate computations and final answer to the nearest dollar.

a.Weston's cost recovery for 2013

b. Weston's cost recovery for 2014

Reference no: EM13576798

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