On September 14, 2019, Jay purchased a passenger automobile that is used 75 percent in his accounting

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On September 14, 2019, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $40,000, and Jay uses the accelerated method under MACRS. Jay does not elect to expense. Calculate Jay’s depreciation deduction for 2019 assuming bonus depreciation.

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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