Question
Kannon is a small business owner whose income is reported on Schedule C. He placed his light truck into service when he purchased it o
Kannon is a small business owner whose income is reported on Schedule C. He placed his light truck into service when he purchased it o February 14, 2016 for $28795. He did not claim any 179 expense or bonus depreciation. In 2018 he used the vehicle 55% for business. What is Kannons depreciation for the truck in 2018?
a. $0
b. $1669
c. $2288
d. $3041
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
