Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 10

On April 15, 2008, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used in his business. He did not elect to expense the equipment under §179 or bonus depreciation. On June 30, 2010, he sells the equipment. What is the cost recovery deduction for 2010? a. $ 0.
B) $ 875.
C) $1,429.
D) $1,749.