Question
Tax Drill - Recovery Limitation On February 17, 2016, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional
Tax Drill - Recovery Limitation
On February 17, 2016, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction. The auto is used 35% for business and 65% for personal use. Assume the luxury automobile limitations for Year 1 is $3,160.
USE MACRS Depreciation
a. Compute the total depreciation allowed for 2016: $
b. Assume that the automobile cost $45,000. Compute the total depreciation allowed for 2016: $
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
