Debra acquired the following new assets during 2012:
|
Date |
Asset |
Cost |
|
April 11 |
Furniture |
$40,000 |
|
July 28 |
Trucks |
40,000 |
|
November 3 |
Computers |
70,000 |
Determine the cost recovery for the current year. Debra does not elect immediate expensing under § 179. She does take additional first year depreciation.