Assume the same facts as in Problem I:10-35, except Trish is an employee who uses the automobile
Question:
Assume the same facts as in Problem I:10-35, except Trish is an employee who uses the automobile for her employment-related activities. While such use is helpful for her employer, it does not require Trish co use her own vehicle as a condition of employment. What is her depreciation deduction for the automobile?
Data from problem 1:10-35
Trish is a self-employed CPA who purchases an automobile for $72,000 and places it into service in 2018. Calculate Trish's current year MACRS depreciation deduction, assuming she does not elect Sec. 179 expensing, she elects out of bonus depreciation, and the half-year convention applies.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Federal Taxation 2019 Individuals
ISBN: 9780134739670
32nd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson
Question Posted: