LO.4 On June 5, 2012, Leo purchased and placed in service a new car that cost $20,000.
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LO.4 On June 5, 2012, Leo purchased and placed in service a new car that cost
$20,000. The business use percentage for the car is always 100%. He does take additional first-year depreciation. Compute Leo’s cost recovery deduction in 2012 and 2013.
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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