On May 26, 2011, Jamal purchased machinery for $30,000 to be used in his business. He did not elect to expense the equipment under §179 or the bonus. On October 10, 2015, he sells the machinery to a scrap metal dealer. What is his cost recovery deduction for 2015 rounded to the nearest dollar?

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The Answer of On May 26, 2011, Jamal purchased machinery for $30,000 to be used in his business. He did not elect to expense the equipment under §179 or the bonus. On October 10, 2015, he sells the machinery to a scrap metal dealer. What is his cost recovery deduction for 2015 rounded to the nearest dollar?

On May 26, 2011, Jamal Purchased Machinery for $30,000 to Be