Rustin Bought 7-Year Class Property on May 15, 2018, for $1,228,000

question 40

Essay

Rustin bought 7-year class property on May 15, 2018, for $1,228,000. Rustin elects § 179 and straight-line cost recovery, but not additional first-year depreciation.. Rustin's taxable income would not create a limitation for purposes of the § 179 deduction. Determine the maximum cost recovery deduction Rustin can claim for 2018.

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Definitions:

West Africa

A region located in the western part of the African continent, consisting of countries along the Atlantic Ocean and Sahara Desert.

Infectious Disease

Diseases caused by pathogens such as bacteria, viruses, fungi, or parasites that can be spread, directly or indirectly, from one person to another.

Statistica Neerlandica

A peer-reviewed scientific journal covering research in the field of statistics and its applications.

West African Countries

Nations located in the western region of the African continent, including Nigeria, Ghana, Senegal, and others.