Taxation (Section179)?

1 ⤊

Taxation (Section179)?

On July 10, Wade purchaed and place in service a warehouse. The warehouse cost $850,000. On May 7, 2006, Wade sold the warehouse.

a. Determine Wade's cost recovery for 1997.

b. Determine Wade's cost recovery for 2012.

2007-03-24 05:33:50 · 1 answers · asked by jaygee 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

This is all the info I was given.

2007-03-24 08:13:58 · update #1

1 answers

Not enough information to answer your homework question for you.

2007-03-24 05:42:11 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋