susan and joe would like you to help them address some of their financial goals.  They would like to know if susan should finance or use the cash allowance option to buy her next care (2020 Chrysler 300). Currently, they are still paying for her car that they bought in January 2016 (chryler 300, MSRP: $40,000, Interest rate=4.13%, Length=5 years, down payment=4,000). Please make your recommendation based on your calculations.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
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susan and joe would like you to help them address some of their financial goals.  They would like to know if susan should finance or use the cash allowance option to buy her next care (2020 Chrysler 300). Currently, they are still paying for her car that they bought in January 2016 (chryler 300, MSRP: $40,000, Interest rate=4.13%, Length=5 years, down payment=4,000). Please make your recommendation based on your calculations.

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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