Tonia Acquires the Following 5-Year Class Property in 2017 Tonia Does Not Elect §179 or Bonus Depreciation

question 76

Essay

Tonia acquires the following 5-year class property in 2017:
$\begin{array}{lcr}\text { Asset } & \text { Date of Acquisition } & \text { Cost } \\\text { X } & \text { January 15 } & \$ 70,000\\\text { Y } & \text { May 28 } & 45,000 \\Z & \text { November 23 } & 90,000\\&\text { Total }&\$205,000\end{array}$ Tonia does not elect §179 or bonus depreciation.Tonia has $300,000 of taxable income from her business.Determine her total cost recovery deduction for the year.

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Definitions:

Medulla

A section of the brainstem involved in autonomic functions, such as breathing and heart rate.

Cerebellum

A region of the brain that plays an important role in motor control and may also be involved in some cognitive functions such as attention and language.

Diathesis-Stress Model

Model that asserts that only when a diathesis or vulnerability interacts with a stress or trigger will a disorder emerge.

Vulnerability

The state in which there is a risk of encountering harm or assault, emotionally or physically.