Question
16. Jeremy purchased and put his heavy SUV into service in May 2020 and used it 80% for business. The basis of his SUV is
16. Jeremy purchased and put his heavy SUV into service in May 2020 and used it 80% for business. The basis of his SUV is $44,000. If he takes the maximum section 179 expense deduction and bonus depreciation, what is the depreciable basis for future years?
- $0
- $5,100
- $9,500
d. $10,200
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
1119790972, 9781119790976
