Question
On February 4, 2022, Jackie purchased and placed in service a car she purchased for $23,400. The car was used exclusively for her business. (Use
On February 4, 2022, Jackie purchased and placed in service a car she purchased for $23,400. The car was used exclusively for her business. (Use Table 6A-1 and Luxury Automobile Depreciation) Required: Compute Jackies cost recovery deduction in 2022 assuming no 179 expense but the bonus was taken. On February 4, 2022, Jackie purchased and placed in service a car she purchased for $23,400. The car was used exclusively for her business. (Use Table 6A-1 and Luxury Automobile Depreciation)
Required: Compute Jackies cost recovery deduction in 2022 assuming no 179 expense but the bonus was taken.
what is Jackie's cost recovery deduction?
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