On October 15, 2015, Jon purchased and placed in service a used car. The purchase price was
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On October 15, 2015, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business use asset Jon acquired in 2015. He used the car 80% of the time for business and 20% for personal use. Jon used the MACRS statutory percentage method. Calculate the total deduction Jon may take for 2015 with respect to the car.
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Related Book For
South Western Federal Taxation 2016 Comprehensive
ISBN: 9781305395114
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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