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T purchased a business asset seven - year property on

Question - T purchased a business asset (seven - year property) on August 12, 2015, at a cost of $80,000. T did not elect to expense any of the asset under Sec. 179, nor did he elect straight - line cost recovery. T sold the asset on January 25, 2018. Determine the cost recovery deduction for 2018?

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Accounting Basics: T purchased a business asset seven - year property on

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