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Mandarinka [93]
3 years ago
7

On May 26, 2015, Jamal purchased machinery for $30,000 to be used in his business. He did not elect to expense the equipment und

er §179 or the bonus. On October 10, 2019, he sells the machinery to a scrap metal dealer. What is his cost recovery deduction for 2019 rounded to the nearest dollar? g
Business
1 answer:
Kruka [31]3 years ago
3 0

Answer:

$1340

Explanation:

= 30,000 * 8.93% * 1/2

= 2679 * 1/2

= 1339.5

= $1340

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