Deborah purchases a new $30,000 car in 2013 to use exclusively in her business. If Deborah does
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Deborah purchases a new $30,000 car in 2013 to use exclusively in her business. If Deborah does not elect to expense or take bonus depreciation in 2013 and holds the car until it is fully depreciated, how many years will this take? Please show your calculation:
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Even though a car has a 5year life under MACRS the depreciation allowed for the ...View the full answer
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Related Book For
Income Tax Fundamentals 2014
ISBN: 9781285424545
32nd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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