In 2014, Muhammad purchased a new computer for $16,000.
June 7th, 2024
In 2014, Muhammad purchased a new computer for $16,000. The computer is used 100% for business. Muhammad did not make a § 179 election with respect to the computer. He does not claim any available additional first-year depreciation.If Muhammad uses the MACRS statutory percentage method, then his cost recovery deduction for 2014 for computing taxable income is $ and for computing his alternative minimum tax is $ .