In 2018, Ben purchases and places in service a new auto for his business. The auto costs
Question:
In 2018, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100% for business. Assuming the halfyear convention applies and Ben does not elect out of bonus depreciation, what will depreciation on the auto be in 2018?
a. $57,000
b. $18,000
c. $10,000
d. $9,000
e. None of the above
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Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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