Question
Max purchases a new auto in 2022 at a cost of $56,000. He uses the car 80 percent for business. Assuming a half-year convention and
Max purchases a new auto in 2022 at a cost of $56,000. He uses the car 80 percent for business. Assuming a half-year convention and bonus depreciation, but no immediate expensing, what is the depreciation deduction on the auto?
a. $19,200 b. $15,360 c. $14,400 d. $44,800
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
