Luby Corporation acquires a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2013 for $36,000. Luby

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Luby Corporation acquires a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2013 for $36,000. Luby does not elect Sec. 179 or bonus depreciation. What are depreciation deductions for 2013-2015?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Federal Taxation 2014 Comprehensive

ISBN: 9780133438598

27th Edition

Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson

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