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On May 26,2012,Jamal Purchased Machinery for $30,000 to Be Used

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On May 26,2012,Jamal purchased machinery for $30,000 to be used in his business.He did not elect to expense the equipment under §179 or the bonus.On October 10,2016,he sells the machinery to a scrap metal dealer.What is his cost recovery deduction for 2016 rounded to the nearest dollar?


Definitions:

Mensuration

The act or process of measuring. In mathematics, it typically refers to the measurement of geometric figures and their areas and volumes.

Calibrating

The process of adjusting an instrument or tool so that its measurements are aligned with a known standard or accuracy.

Temporal Artery

A major artery located on each side of the head, palpable above the external ear, and often used to assess the body's temperature in the context of fever or illness.

Mensuration

The study or process of measurement, often used in the context of assessing body dimensions in medical examinations.

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