Question
Preston placed his light truck into service when he purchased it on March 15, 2018. His basis for depreciation was $30,000. He did not claim
Preston placed his light truck into service when he purchased it on March 15, 2018. His basis for depreciation was $30,000. He did not claim any section179 expense or bonus depreciation. In 2020, he used the vehicle 75% for business. What is the depreciation for it in 2020?
a) $3,141
b) $3,350
c) $4,320
d) $7,200
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Cost Accounting A Managerial Emphasis
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