Kiri acquires equipment (7-year property)on August 14,2014,for $80,000.She does not elect to expense the asset under Section 179 or the 50% bonus.She sells the asset on January 15,2018.
a.What is Kiri's cost recovery deduction related to the equipment in 2014 and 2018?
b.What is Kiri's cost recovery deduction related to the equipment in 2014 and 2018 if the 50% bonus is elected?
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