Business, 24.03.2020 16:59, KillerSteamcar

On July 12, 2015, Henry purchased machinery for $45,000 to be used in his business. He did not elect to expense the equipment under §179 or the bonus. On August 21, 2019, he sells the machinery to a used equipment dealer. What is his cost recovery deduction for 2019 rounded to the nearest dollar?

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On July 12, 2015, Henry purchased machinery for $45,000 to be used in his business. He did not elect...