Audra acquires the following new five-year class property in2011. Asset Acquisition Date Cost A…

 
   

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Audra acquires the following new five-year class property in2011.
Asset Acquisition Date Cost
A January 10 $106,000
B July 5 $70,000
C November 15 $250,000
Total $$426,000
Audra elects section 179 for Asset C. Audra’s taxable income fromher business would not create a limitation for purposes of thesection 179 deduction. If Congress reenacts additional first-yeardepreciation for 2010, Audra elects not to take additionalfirst-year depreciation. Determine her total cost recoverydeduction (including the section 179 deduction) for theyear. QUESTION TITLE :- Audra acquires the following new five-year class property in 2011