Cost recovery-first year depreciation, Accounting Basics

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Cost recovery-first year depreciation

Batista Corporation acquired new computer equipment on March 13, 2013, for $40,000. Batista did not elect immediate expensing under Section 179. Batista also elects not to take the additional first-year depreciation. Determine Batista's cost recovery for 2013.

a. $0

b. $4,000

c. $8,000

d. $40,000

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Accounting Basics: Cost recovery-first year depreciation

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Accounting Basics: Cost recovery-first year depreciation

Reference No:- TGS038863

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Gross income report as a result of the damages

Q : Determining hedging techniques

Q : Relationship in price elasticity of demand and total revenue

Q : Means of risk management

Q : Cost recovery-first year depreciation

Q : Prepare journal entries to record summarized transactions

Q : Capital structure and its dividend payout ratio

Q : Is it possible that the causation may be reversed

Q : Explain what economic factors may influence behavior

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Cost recovery-first year depreciation

Reference No:- TGS038863

Recent Questions Asked Accounting Basics

Q : Gross income report as a result of the damages

Q : Determining hedging techniques

Q : Relationship in price elasticity of demand and total revenue

Q : Means of risk management

Q : Cost recovery-first year depreciation

Q : Prepare journal entries to record summarized transactions

Q : Capital structure and its dividend payout ratio

Q : Is it possible that the causation may be reversed

Q : Explain what economic factors may influence behavior

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