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Modified Accelerated Cost Recovery System, Listed Property On February 2, 2020, Alexandra purchases a personal computer. The computer cost $5,560. Alexandra uses the computer 85%
Modified Accelerated Cost Recovery System, Listed Property
On February 2, 2020, Alexandra purchases a personal computer. The computer cost $5,560. Alexandra uses the computer 85% of the time in her accounting business and the remaining 15% of the time for various personal uses. Calculate Alexandra's maximum depreciation deduction for 2020 for the computer, assuming half-year conversion and she does not make the election to expense or take a bonus depreciation.
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