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ON MAY 26, 2007 JAMAL PURCHASED MACHINERY FOR $30,...

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ON MAY 26, 2007 JAMAL PURCHASED MACHINERY FOR $30,000 TO BE USEDIN HIS BUSINESS HE DID NOT ELECT TO EXPENSE THE EQUIPMENT UNDER $179 OR THE BONUS. ON OCTOBER 10 2011 HE SELLS THE MACHINERY TO A SCRAP METAL DEALER WHAT IS HIS COST RECOVERY DEDUCTION FOR 2011 ROUNDED TO THE NEAREST DOLLAR? A-0 B-1,340 C-2,679 D-4,287,Enter your follow up question here...

 

Paper#5124 | Written in 18-Jul-2015

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