Kiri acquires equipment (7-year property) on August 14, 2015, for $80,000. She does not elect to expense the asset under Section 179 or the 50% bonus. She sells the asset on January 15, 2019.
a. What is Kiri's cost recovery deduction related to the equipment in 2015 and 2019?
b. What is Kiri's cost recovery deduction related to the equipment in 2015 and 2019 if the 50% bonus is elected?

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The Answer of Kiri acquires equipment (7-year property) on August 14, 2015, for $80,000. She does not elect to expense the asset under Section 179 or the 50% bonus. She sells the asset on January 15, 2019.
a. What is Kiri's cost recovery deduction related to the equipment in 2015 and 2019?
b. What is Kiri's cost recovery deduction related to the equipment in 2015 and 2019 if the 50% bonus is elected?

Kiri Acquires Equipment (7-Year Property) on August 14, 2015, for $80,000