Multiple Choice
In June 2016,Kelly purchased new equipment for $26,000 to be used in her business.Assuming Kelly has net income from her business of $75,000 prior to the deduction,what is the maximum amount of cost recovery Kelly can deduct rounded to the nearest dollar,assuming she does not elect §179 expense or bonus depreciation?
A) $3,715.
B) $13,000.
C) $26,000.
D) $14,858.
Correct Answer:
Verified
Correct Answer:
Verified
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