Max purchases a new auto in 2022 at a cost of $56,000. He uses the car 80 percent for business. Assuming a half-year convention and bonus depreciation, but no immediate expensing, what is the depreciation deduction on the auto? a. $44,800 b. $15,360 c. $19,200 d. $14,400
Max purchases a new auto in 2022 at a cost of $56,000. He uses the car 80 percent for business. Assuming a half-year convention and bonus depreciation, but no immediate expensing, what is the depreciation deduction on the auto? a. $44,800 b. $15,360 c. $19,200 d. $14,400
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 41P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT