Question
b. Rex 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. Rex 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 2016 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.
2016: $
2017: $
2018: $
2019: $
Rex's adjusted basis in the auto on January 1, 2020, is $.
I don't know how to decide which cost recovery table to use, and how to use it
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