On February 2, 2018, Alexandra purchases a personal computer for her home. The computer cost $2,800. Alexandra
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On February 2, 2018, Alexandra purchases a personal computer for her home. The computer cost $2,800. Alexandra uses the computer 80 percent of the time in her accounting business, and the remaining 20 percent of the time for various personal uses. Calculate Alexandra’s maximum depreciation deduction for 2018 for the computer, assuming halfyear convention and she does not use bonus depreciation or make the election to expense.
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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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