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Tonia Acquires the Following 5-Year Class Property in 2016

Question 19

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Tonia acquires the following 5-year class property in 2016:
Asse t
Date of Acquisition Cost
Tonia acquires the following 5-year class property in 2016: Asse t Date of Acquisition Cost Tonia does not elect §179 or bonus depreciation.Tonia has $300,000 of taxable income from her business.Determine her total cost recovery deduction for the year. Tonia does not elect §179 or bonus depreciation.Tonia has $300,000 of taxable income from her business.Determine her total cost recovery deduction for the year.

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Since more than 40% $90,000/$2...

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