What is total cost recovery

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Question - On June 15, 2019, Chang purchases $2,837,000 of equipment (7-year property) for use in her business. It is her only purchase of business property in 2019. Chang has taxable income from her business of $2.5 million before any cost recovery.

Required - Assuming Chang does not elect Section 179 and elects out of bonus depreciation, what is her total 2019 cost recovery?

Reference no: EM132638636

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