Audra Acquires the Following New Five-Year Class Property in 2015

question 79

Essay

Audra acquires the following new five-year class property in 2015: Asset Acquisition Date Cost A January 10 $ 106,000 B July 5 70,000 C November 15 1,950,000 Total $ 2,126,000 Audra elects § 179 treatment for Asset C.Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction.Audra claims the full available additional first-year depreciation deduction.Determine her total cost recovery deduction (including the § 179 deduction) for the year.

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Definitions:

Pollution Reduction

Efforts or processes aimed at decreasing the contaminants released into the environment, enhancing ecological health.

Environmentally Friendly

Practices, products, or services that have minimal negative impact on the environment and promote sustainability.

Source Reduction

Strategies and practices aimed at reducing the amount and toxicity of waste generated, often by altering the design, manufacture, or use of products and materials.

Sustainable Agriculture

Farming practices that maintain and improve the environment, economic profitability, and social equity for future generations.