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He did not elect to expense any of the asset under section

James purchased a new business asset (5-year property) on July 23, 2016, at a cost of $50,000. He did not elect to expense any of the asset under Section 179, nor did he elect straight-line cost recovery. Determine the cost recovery deduction for 2016.

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Accounting Basics: He did not elect to expense any of the asset under section

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