Question
On June 1, 2019 , Kirsten buys an automobile for $79,300. Her mileage log for the year reveals the following: 20,300 miles for business purposes;
On June 1, 2019, Kirsten buys an automobile for $79,300. Her mileage log for the year reveals the following: 20,300 miles for business purposes; 6,600 miles for personal reasons; and 2,700 miles commuting to and from work.
Refer to the MACRS Depreciation Tables to answer the following question.
Note: Do not round percentage computations. Round your answer to the nearest whole dollar.
Assuming a 5-year MACRS recovery period, Kirsten's maximum cost-recovery deduction for 2019 is $ ?
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
