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Automobile 2014 Cadillac Seville April 1, 2014 50,000 (Fiveyear Property) Furniture And Fixtures May 1, 2013 150,000 (Seven-year Property) Each automobile was used a total
Automobile 2014 Cadillac Seville April 1, 2014 50,000 (Fiveyear Property) Furniture And Fixtures May 1, 2013 150,000 (Seven-year Property) Each automobile was used a total of 18,000 miles during the year of 2015 all which were business miles. The automobiles were not available for personal use during off-duty hours and were used solely by T\\i'iola Holloway and Renee Forrow, who both have another vehicle available for personal use. For Federal Income Tax purposes, all of these assets are depreciated using the Modied Accelerated Cost Recovery System (NlACRS). Section 1'79 Deduction was not elected in regards to any of these assets nor was StraightLine Depreciation used
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