Multiple Choice
On May 26,2010,Jamal purchased machinery for $30,000 to be used in his business.He did not elect to expense the equipment under §179 or the bonus.On October 10,2014,he sells the machinery to a scrap metal dealer.What is his cost recovery deduction for 2014 rounded to the nearest dollar?
A) $0.
B) $1,340.
C) $2,679.
D) $4,287.
Correct Answer:
Verified
Correct Answer:
Verified
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