Question
b. Brent uses the actual cost method. [Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is
b. Brent uses the actual cost method. [Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used. The recovery limitation for an auto placed in service in 2017 is as follows: $3,160 (first year), $5,100 (second year), $3,050 (third year), and $1,875 (fourth year).]
Compute his depreciation deductions for year. Click here to access the depreciation table.
2017: $fill in the blank eb85d3092015072_1
2018: $fill in the blank eb85d3092015072_2
2019: $fill in the blank eb85d3092015072_3
2020: $fill in the blank eb85d3092015072_4
Brent's adjusted basis in the auto on January 1, 2021, is
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