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Timothy purchased a new computer for his consulting practice on October 15 th of the current year. The basis of the computer was $4,000. During the Thanksgiving holiday, he decided the computer didn't meet his business needs and gave it to his college-aged son in another state. The computer was never used for business purposes again. Timothy had $50,000 of taxable income before depreciation. What is Timothy's total cost recovery deduction with respect to the computer during the current year?
Job Seekers
Individuals actively looking for employment, either as a first-time employee, someone seeking better opportunities, or someone who is currently unemployed.
Negotiations
The act of negotiating and reaching a shared consensus among groups with different aims.
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