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What is cost recovery deduction

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Reference no: EM132677479

Problem 1: On July 15, 2018, Travis purchased some office furniture for $20,000 to be used in his business. He did not elect to expense the equipment under §179 or bonus. On December 15, 2019, he sells the equipment. What is his cost recovery deduction for 2019?

Option 1: $0.

Option 2: $2,449.

Option 3: $2,858.

Option 4: $3,498.

Reference no: EM132677479

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