Question
On June 1, 2017, Irene places in service a new automobile that cost $52,000. No section 179 or Additional first year depreciation was taken. The
On June 1, 2017, Irene places in service a new automobile that cost $52,000. No section 179 or Additional first year depreciation was taken. The car is used 70% busineess and 30% personal use. (assume percentage is maintained for the life of the car.) Determine the cost recovery deduction for 2018.
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
