Business
Business, 26.11.2019 03:31, lalllda

George purchases used seven-year class property at a cost of $200,000 on april 20, 2017.

determine george's cost recovery deduction for 2017 for alternative minimum tax purposes, assuming george does not elect ⧠179 and does not take additional first-year depreciation.

a. $2,500

b. $10,000

c. $14,280

d. $28,580

answer
Answers: 3

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George purchases used seven-year class property at a cost of $200,000 on april 20, 2017.

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