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Barry purchased a used business asset (seven-year property) on September 30,2016,at a cost of $200,000.This is the only asset he purchased during the year.Barry did not elect to expense any of the asset under § 179,did not take additional first-year depreciation (if available) ,and did not elect straight-line cost recovery.Barry sold the asset on July 17,2017.Determine the cost recovery deduction for 2017.
Dementia
A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, significantly impairing daily functioning.
Health Care Worker
A professional engaged in actions whose primary intent is to enhance health outcomes, including a broad range of medical and allied health personnel.
Severe Dementia
An advanced stage of dementia characterized by profound impairments in cognitive functions, affecting memory, communication, and the ability to perform daily activities.
Reorientation
The process of helping an individual become aware of their time, place, and person details, often used in cognitive therapy or after disorientation.
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