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LO6 Harold purchases the following business assets on the dates indicated: Date Recovery Asset Purchased...

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Accounting

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LO6 Harold purchases the following business assets on the dates indicated: Date Recovery Asset Purchased Cost Period Photocopy equipment 2/14/19 $50,000 Dump truck 7/16/19 $ 300,000 5 Bus 12/24/19 $ 1,021,000 a. What is Harold's 2019 cost-recovery deduction if he elects not to claim bonus depreciation and does not elect to expense any of the assets under Section 179? b. What could Harold do to maximize his 2019 deduction

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