Question
On February 17, 2018, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction.
On February 17, 2018, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction. The auto is used 35% for business and 65% for personal use. Assume the luxury automobile limitations for Year 1 is $10,000.
a. Compute the total depreciation allowed for 2018: $
THE ANSWER IS NOT $805
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
9th Edition
0306457229, 978-0306457227
