26.3X Harvey DaCosta, a sole trader, purchases on 1 November 2015 a new machine for $18,000. His business year end is 31 October but he cannot decide which method of depreciation he should use

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uppose a computer software developer for a certain company purchased a computer system for $75,000 on April 27, 2017. The computer system is used for business 100% of the time. The accountant for the company elected to take a $30,000 Section 179 deduction, and the asset qualified for a special depreciation allowance.   (a) What was the basis for depreciation (in $) of the computer system? (See Table 17-4.) $    (b) What was the amount (in $) of the first year's depreciation using MACRS?  $    (Table 17-4) Certain QualifiedAsset Placed into Service                                          Special AllowanceSeptember 11, 2001–May 5, 2003                                         30%May 6, 2003–January 1, 2005                                                50%December 31, 2007–September 27, 2017                           50%September 28, 2017–December 31, 2022                          100%

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Sophia purchased the following assets in 2020. 4-15-20               New Computer                $2,600 7-02-20               Office Furniture               $10,000 10-2-20               Office Equipment            $16,200 Sophia does not want to take any 179-expense deduction or any additional first year depreciation. Calculate the cost recovery for 2020.

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