Multiple Choice
Mike purchases a computer (5-year property) for $3,000 during the current year.He uses the computer 40% of the time in his consulting business.Mike would like to maximize his cost recovery deduction.What is his allowable cost recovery deduction on the computer?
A) $- 0 -
B) $120
C) $180
D) $300
E) $1,200
Correct Answer:
Verified
Correct Answer:
Verified
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