Nancy Purchased a Computer on July 15,2014,for $5,000

question 20

Essay

Nancy purchased a computer on July 15,2014,for $5,000.The computer was used 70% of the time in her business and the rest of the time her children used the computer to surf the Web.In 2015,the computer was used 40% for business and 60% for personal use.What are the cost recovery deductions for 2014 and 2015? (No §179 or bonus).Is there any recapture of depreciation in 2015?

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Definitions:

Career Counseling

A service that helps individuals understand themselves and the world of work in order to make career, educational, and life decisions.

Gender Disparities

Highlights differences in outcomes, treatments, or opportunities between genders, often referring to issues of inequality in the workplace, education, and other sectors.

Racial Disparities

Differences in treatment or outcomes across different races, often reflecting systemic inequalities in areas like health, justice, education, and employment.

Occupational Distributions

The spread or arrangement of jobs across different industries, locations, or levels of skill and responsibility.