Question
In 2019, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 60 percent for
In 2019, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 60 percent for business. Assuming the half-year convention applies and Ben elects out of bonus depreciation and Section 179, what will depreciation on the auto be in 2019?
a.$6,840
b.$6,000
c.$6,060
d.$11,400
e.None of these choices are correct
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
5th Edition
1634541367, 978-1634541367
