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Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2012 for $64,000. The company did not elect Sec. 179 expensing, but
Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2012 for $64,000. The company did not elect Sec. 179 expensing, but the company otherwise claimed the maximum depreciation deduction available, including 50% bonus depreciation. What is depreciation for 2012
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