Susie purchased a new business asset (five-year asset) on September 30, 2014, at a cost...
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Accounting
Susie purchased a new business asset (five-year asset) on September 30, 2014, at a cost of $110,000. On October 4, 2014, Susie placed the asset in service. This was the only asset Susie placed in service in 2014. Susie did not elect 179 or additional first-year depreciation if available. On August 21, 2015, Susie sold the asset. Determine the cost recovery for 2015 for the asset.
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