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Brent's adjusted basis in the auto on January 1,2022, Is $ b. Brent uses the actual cost method. [Assume that no 5179 expensing is claimed
Brent's adjusted basis in the auto on January 1,2022, Is \$ b. Brent uses the actual cost method. [Assume that no 5179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used. The recovery Iimitation for an auto placed in service in 2018 is as follows: $10,000 (first year), $16,000 (second year), $9,600 (third year), and $5,760 (fourth year).] Compute his depreclation deductions for year. Click here to access the depreclation table 2018:&2019:&2020:42021:4 Brent's adjusted basis in the auto on January 1, 2022, is \$
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