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What is cj year cost recovery for each asset

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Reference no: EM132967108

Question - At the beginning of the Year 0, CJ began a calendar-year business and placed in service the following assets during the year:

Asset Date Acquire Cost Basis

Computer equipment 6/23 $5,000

Furniture 8/12 $7,000

Pickup truck 9/15 $10,000

Commercial building 11/20 $270,000

In on March 15 of Year 4 CJ sold the building. Assuming CJ does not elect §179 expensing or bonus depreciation, what is CJ's Year 4 cost recovery for each asset?

Reference no: EM132967108

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