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Question 2 (10 points) Patrick purchged a passenger automobile on June 1, 2020. He paid $37,000 for the automobile. Dwing 2020, he uses the automobile
Question 2 (10 points) Patrick purchged a passenger automobile on June 1, 2020. He paid $37,000 for the automobile. Dwing 2020, he uses the automobile 80 percent of the time for business. He does not take either the section 179 election to expense or the bonus depreciation a Calculate Patrick's depreciation expense on the automobile for 2020. b. Calculate Patrick's depreciation expense on the automobile for 2021, assuming a 70 percent business use
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