Question
Complete Depreciation Schedule for a passenger automobile used solely for business purposes. Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Complete Depreciation Schedule for a passenger automobile used solely for business purposes.
| Year | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 |
| Unadjusted Basis | 58000 | 58000 | 58000 | 58000 | 58000 | 58000 | 58000 | 58000 |
| Depreciation % | 20.00 | 32.00 | 19.20 | 11.52 | 11.52 | 5.76 |
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| MACRS Depreciation |
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| Limit | 10200 | 16400 | 9800 | 5860 | 5860 | 5860 | 5860 | 5860 |
| Deduction |
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| Cumulative Depreciation |
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| Adjusted Basis |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
