Question
Mary buys a new car in 2020 at a cost of $56,000. She uses the car 80% for business. Assuming a half-year convention, bonus depreciation
Mary buys a new car in 2020 at a cost of $56,000. She uses the car 80% for business. Assuming a half-year convention, bonus depreciation elected, but no Section 179 expensing, what is the 2020 depreciation deduction for the auto?
a.$18,100 b.$44,800 c.$10,100 d.$14,400 e.$14,480
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
