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Samuel bought a new car in January of 2022 for $65,000. He began using the car for his sole proprietorship on February 14, 2022. The
Samuel bought a new car in January of 2022 for $65,000. He began using the car for his sole proprietorship on February 14, 2022. The car is used 88% for business use, and Samuel wants to claim 100% bonus deprecation on the car for tax year 2022. What is Samuel's allowable depreciation for the car?
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Heres how to calculate Samuels allowable depreciation for the car in 2022 1 Calculate the number of ...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
