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August 28, 2015

Homework Help: Accounting

Posted by Billy on Monday, March 19, 2012 at 2:16pm.

On May 26, 2007, 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, 2011, he sells the machinery to a scrap metal dealer. What is his cost recovery deduction for 2011 rounded to the nearest dollar?



A. $0


B. $1,340


C. $2,679

is it C

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