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What is CJ Year four cost recovery for each asset

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Reference no: EM132885019

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 Acquired               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

Problem 1: 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: EM132885019

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