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A company car is used 70% for business and 30% for personal use. Annual tax depreciation is $19,000. Compute allowable depreciation if: a. The
A company car is used 70% for business and 30% for personal use. Annual tax depreciation is $19,000. Compute allowable depreciation if: a. The car is owned by a corporation and driven by an employee. b. The car is owned by Joan's sole proprietorship and driven by employee Jim. c. The car is owned by a sole proprietorship and driven by the owner.
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