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16. A company car is used 60% for business and 40% for personal use. Annual tax depreciation is $16,000. Compute allowable depreciation if: The car

16. A company car is used 60% for business and 40% for personal use. Annual tax depreciation is $16,000. Compute allowable depreciation if:

  1. The car is owned by a corporation and driven by an employee.

  1. The car is owned by Joans sole proprietorship and driven by employee Jim.

  1. The car is owned by a sole proprietorship and driven by the owner.

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