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Problem 1: On July 15, 2018, Travis purchased some office furniture for $20,000 to be used in his business. He did not elect to expense the equipment under §179 or bonus. On December 15, 2019, he sells the equipment. What is his cost recovery deduction for 2019?
Option 1: $0.
Option 2: $2,449.
Option 3: $2,858.
Option 4: $3,498.
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Able Company expects to begin the coming year with 12,000 units of product X in the inventory of finished goods. It expects to sell 130,000 units of the product and end the year with 15,800 units in finished goods inventory. Calculate the number of u..
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