Question
Preston placed his light truck into service the he purchased it on March 15, 2016. His basis for depreciation was $30,000. He did claim any
Preston placed his light truck into service the he purchased it on March 15, 2016. His basis for depreciation was $30,000. He did claim any section 179 expense or bonus depreciation. In 2018 he used his vehicle 75% for business. What is the truck's depreciation in 2018?
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Financial Markets And Institutions
Authors: Jeff Madura
10th Edition
1285531507, 9781285531502
