On July 12, 2015, Henry purchased machinery for $45,000 to be used in his business. He did not elect to expense the equipment under §179 or the bonus. On August 21, 2019, he sells the machinery to a used equipment dealer. What is his cost recovery deduction for 2019 rounded to the nearest dollar?

What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695