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On July 15, 2019, H.P. purchases a personal computer for his home. The computer cost $4,000. H.P. uses the computer 60 percent of the time
On July 15, 2019, H.P. purchases a personal computer for his home. The computer cost $4,000. H.P. uses the computer 60 percent of the time in his business, 15 percent of the time for managing his investments and the remaining 25 percent of the time for various personal uses. Calculate H.P.'s maximum depreciation deduction for 2019 for the computer, assuming he does not make the election to expense or take bonus depreciation.
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