Problem 8-35 (LO. 2) Juan acquires a new 5-year class asset on March 14, 2017,...
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Problem 8-35 (LO. 2) Juan acquires a new 5-year class asset on March 14, 2017, for $200,000. This is the only asset Juan acquired during the year. He does not elect immediate expensing under 179, He does not claim any available additional first-year depreciation. On July 15, 2018, Juan sells the asset. Click here to access depreciation table to use for this problem. Juan's cost recovery for 2017 is $ and for 2018 is
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