Nancy purchased a computer on July 15, 2015, for $5,000. The computer was used 70% of the time in her business and the rest of the time her children used the computer to surf the Web. In 2016, the computer was used 40% for business and 60% for personal use. What are the cost recovery deductions for 2015 and 2016? (No §179 or bonus). Is there any recapture of depreciation in 2016?

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The Answer of Nancy purchased a computer on July 15, 2015, for $5,000. The computer was used 70% of the time in her business and the rest of the time her children used the computer to surf the Web. In 2016, the computer was used 40% for business and 60% for personal use. What are the cost recovery deductions for 2015 and 2016? (No §179 or bonus). Is there any recapture of depreciation in 2016?

Nancy Purchased a Computer on July 15, 2015, for $5,000