Question
Please help with this question? Dash purchased a new truck for his business in 2016. It was 100% for business use. He took $3,000 as
Please help with this question?
Dash purchased a new truck for his business in 2016. It was 100% for business use. He took $3,000 as section 179 expense deduction and depreciated the remaining costs using MACRS 200DB through the recovery period. In 2018, if his business-use percentage of the truck drops
to 50% or below, which of the following actions must Dash take:
a)Recapture Section 179 and Modified Accelerated Cost Recovery amounts that exceed depreciation computed using the Alternative Depreciation System.
b)Begin using the Modified Accelerated Cost Recovery System - Straight-Line Method.
c)Stop using the Modified Accelerated Cost Recovery System and begin using the Alternative Depreciation System.
d)Sell the property.
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