Tonia acquires the following 5-year class property in 2015: Tonia does not elect §179 or bonus depreciation. Tonia has $300,000 of taxable income from her business. Determine her total cost recovery deduction for the year.

Question

Tonia acquires the following 5-year class property in 2015:  Tonia does not elect §179 or bonus depreciation. Tonia has $300,000 of taxable income from her business. Determine her total cost recovery deduction for the year.

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The Answer of Tonia acquires the following 5-year class property in 2015:  Tonia does not elect §179 or bonus depreciation. Tonia has $300,000 of taxable income from her business. Determine her total cost recovery deduction for the year.

Tonia Acquires the Following 5-Year Class Property in 2015