Question
Question Content AreaOn June 1, 2022, TreePro Corporation purchased a passenger automobile for 100 percent use in its business. The automobile is in the 5-year
Question Content AreaOn June 1, 2022, TreePro Corporation purchased a passenger automobile for 100 percent use in its business. The automobile is in the 5-year cost recovery class and has a basis for depreciation of $45,000. TreePro elects the accelerated method of cost recovery for the asset and takes bonus depreciation. What is the total tax depreciation deduction for the 2022 calendar tax year (Year 1)?
a. $19,200 b. $14,400 c. $9,000 d. $45,000
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
