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In 2020, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100 percent for
In 2020, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100 percent for business. Assuming the half-year convention applies and Ben does not elect out of bonus depreciation, what will depreciation on the auto be in 2020?
Click here to access the depreciation table and click here to access the annual automobile depreciation limitations.
a.$18,000
b.$18,100
c.$57,000
d.$10,000
e.None of these choices are correct.
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