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On July 1 , 2 0 1 9 , Brent purchases a new automobile for $ 4 3 , 0 0 0 . He uses
On July Brent purchases a new automobile for $ He uses the car for business and drives the car for business purposes as follows: miles in miles in miles in and miles in
Determine Brent's basis in the business portion of the auto as of January under the following assumptions:
If required, round your computations to the nearest dollar.
a Brent uses the automatic mileage method.
Compute his basis adjustments for depreciation for each year. Click here to access the basis adjustment table.
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