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
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 ยง 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.
Compute the total depreciation allowed for 2018: $
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
