A taxpayer has a cellular telephone, used 45 percent for business and 55 percent for personal use.

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A taxpayer has a cellular telephone, used 45 percent for business and 55 percent for personal use. Is the MACRS depreciation method allowable?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 06:45 AM

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A taxpayer has a cellular telephone, used 45 percent for business and 55 percent for personal use.

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Yes the Modified Accelerated Cost Recovery System MACRS allows for the depreciatio...View the full answer

CCH Federal Taxation Basic Principles 2020

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