Asked by Andy
On May 26, 2007, 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, 2011, he sells the machinery to a scrap metal dealer. What is his cost recovery deduction for 2011 rounded to the nearest dollar?
a. 0
b. 1340
c. 2679
d. 4287
is it D
a. 0
b. 1340
c. 2679
d. 4287
is it D
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