In 2016, Trish, a self-employed CPA and calendar year taxpayer, acquires and places in service an automobile
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In 2016, Trish, a self-employed CPA and calendar year taxpayer, acquires and places in service an automobile and a personal computer. Pertinent data include the following:
For each asset, calculate the MACRS current year depreciation deduction assuming Trish does not elect Sec. 179 expensing and elects out of bonus depreciation.
Transcribed Image Text:
Date Total Original Portion of Sec. 179 AcquiredCost BasisBusiness UsageElection Asset Automobile Personal computer $21,000 1/2/16 7/1/16 60% 40% No No 4,000
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Both assets are listed property and are subject to the special rules contained in Sec 280F Both asse...View the full answer
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Related Book For
Federal Taxation 2017 Comprehensive
ISBN: 9780134421438
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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