In 2017, Trish, a self-employed CPA and calendar year taxpayer, acquires and places in service an automobile
Question:
For each asset, calculate the MACRS current year depreciation deduction assuming Trish does not elect Sec. 179 expensing and elects out of bonus depreciation.
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Date Total Original Portion of Business Usage Sec. 179 Asset Acquired 1/2/17 Cost Basis Election No No Automobile Personal computer $21,000 4,000 60% 7/1/17 40%
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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 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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