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LB Corporation purchased a business car in June 2022 for $62,000. The car weighs 8,000 pounds and will be used 100 percent of the time
LB Corporation purchased a business car in June 2022 for $62,000. The car weighs 8,000 pounds and will be used 100 percent of the time in the business. Compute the largest depreciation deduction possible in 2023. No other property purchases were made during the year. (Consider bonus depreciation and the Section 179 deduction, if applicable.) [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.]
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