Question
Odell Hill owns a smailimousine that he uses in this personal service business of driving passengers to elegant evening events and to airports. Odell purchased
Odell Hill owns a smailimousine that he uses in this personal service business of driving passengers to elegant evening events and to airports. Odell purchased this limousine on April 1, 2019. Its adjusted basis was $60,000 as of January 1, 2020. It was Odell's only equipment purchase during 2019 and he made no special elections. 11. What was the original purchase price of this limousine? 12. Refer to the above question. Would the amount of depreciation Odell may claim on this limousine during 2020 potentially be affected by him making, or not making, other equipment purchases during 2020?(State "yes" or "no.") MacBook Pro
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