Oscar bought an $800,000 apartment building on July 28,2014.On August 15,2014,he purchased $300,000 of 5-year class assets.Oscar elects to take the maximum expense on every asset.What is the maximum cost recovery deduction Oscar can take in 2014?

Question

Quizplus · Accepted Answer

The Answer of Oscar bought an $800,000 apartment building on July 28,2014.On August 15,2014,he purchased $300,000 of 5-year class assets.Oscar elects to take the maximum expense on every asset.What is the maximum cost recovery deduction Oscar can take in 2014?

Oscar Bought an $800,000 Apartment Building on July 28,2014