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Alice purchased office furniture on September 20, 2016, for $100,000. On October 10, 2016, she purchased business computers for $80,000. Alice placed all of the assets in service on January 15, 2017. Alice did not elect to expense any of the assets under § 179, did not elect straight-line cost recovery, and did not take additional first-year depreciation. Determine the cost recovery deduction for the business assets for 2017.
Horticultural Societies
Societies that rely on the cultivation of plants in gardens to provide food, utilizing simple tools and methods rather than large-scale agriculture.
Residence Pattern
A social system that determines where newly married couples reside, such as with the wife's or husband's family, or independently.
Political Organization
The way in which a society structures its political and authority relationships, governing the distribution of power and resources.
Household Type
A classification based on the composition and connections of individuals living within a domestic unit.
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