Lina purchased a new car for use in her business during 2015. The auto was the only
Question:
a) The vehicle cost $15,000 and business use is 100 percent (ignore §179 expense).
b) The vehicle cost $40,000, and business use is 100 percent.
c) The vehicle cost $40,000, and she used it 80 percent for business.
d) The vehicle cost $40,000, and she used it 80 percent for business. She sold it on March 1 of year 2.
e) The vehicle cost $40,000, and she used it 20 percent for business.
f) The vehicle cost $40,000, and is an SUV that weighed 6,500 pounds. Business use was 100 percent.
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Related Book For
Taxation Of Individuals And Business Entities 2016
ISBN: 9781259334870
7th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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