Friday
August 1, 2014

Homework Help: income tax

Posted by Andy on Wednesday, March 21, 2012 at 12:18pm.

On July 15, 2009, Travis purchased some office furniture for $20,000 to be used in his business. He did not elect to expense the equipment under 179 or bonus. On December 15, 2011, he sells the equipment. What is his cost recovery deduction for 2011?
A. $0
B. $1,749
C. $2,858
D. $3,498

is it C

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

tax - On July 15, 2009, Travis purchased some office furniture for $20,000 to be...
Accounting - On July 15, 2009, Travis purchased some office furniture for $20,...
income tax - On May 26, 2007, Jamal purchased machinery for $30,000 to be used ...
income tax - On May 26, 2007, Jamal purchased machinery for $30,000 to be used ...
tax - On May 26, 2007, Jamal purchased machinery for $30,000 to be used in his ...
Accounting - On May 26, 2007, Jamal purchased machinery for $30,000 to be used ...
Accounting - In June 2011,Kelly purchased new equipment for $26000 to be used in...
accounting - 1-On May 1, 2012, Pinkley Company sells office furniture for $150,...
Income Tax - Accounting. Help Me Please. - Tax Rates, latesha, a single taxpayer...
ACC 233-INCOME TAX - Tax Rates, latesha, a single taxpayer, had the following ...

Search
Members