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Mashcka [7]
3 years ago
14

Timothy purchased a new computer for his consulting practice on October 15 th of the current year. The basis of the computer was

$4,000. During the Thanksgiving holiday, he decided the computer didn't meet his business needs and gave it to his college-aged son in another state. The computer was never used for business purposes again. Timothy had $50,000 of taxable income before depreciation. What is Timothy's total cost recovery expense with respect to the computer during the current year
Business
1 answer:
zaharov [31]3 years ago
8 0

Answer:

$0

Explanation:

Computer was sold during the same year which it is purchased. No depreciation is allowed in such a case.

In other word, there would be $0 total cost recovery as there is no Depreciation Expense given and in the same year the computer is given to Thomas son so no Depreciation Is allowed in this case.

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Answer:

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Explanation:

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4 0
3 years ago
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algol13

Answer:

story

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