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quired information ne following information applies to the questions displayed below.) il owns a ranch business and uses four-wheelers to do much of his work. Occasionally, though, he and his boys will a ride together as a family activity. During year 1, Phil put 1,119 miles on the four-wheeler that he bought on January + $9,600. Of the miles driven, only 239 miles were for personal use. Assume four-wheelers qualify to be depreciated Ecording to the five-year MACRS schedule and the four-wheeler was the only asset Phil purchased this year (Use MAC able 1, Table 2. Table 3. Table 4 and Table 5.) (Do not round intermediate calculations. Round your final answers to th earest whole dollar amount.) ulate the allowable depreciation for year 1 (ignore the $179 expense and bonus depreciation) . $ preciation deduction Seved Pequired information The following information applies to the questions displayed below.) Phil owns a ranch business and uses four-wheelers to do much of his work. Occasionally, though, he and his boys will go or a ride together as a family activity. During year 1, Phil put 1.119 miles on the four-wheeler that he bought on January 15 or $9.600. Of the miles driven, only 239 miles were for personal use. Assume four-wheelers qualify to be depreciated ccording to the five-year MACRS schedule and the four-wheeler was the only asset Phil purchased this year (Use MACAS able 1, Table 2. Table 3. Table 4 and Table 5.) (Do not round intermediore calculations. Round your finel answers to the earest whole dollar amount.) ulate the allowable depreciation for year 1 (ignore the $179 expense and bonus depreciation). 0 inlinn deduction Required information [The following information applies to the questions displayed below.] Phil owns a ranch business and uses four-wheelers to do much of his work. Occasiona for a ride together as a family activity. During year 1, Phil put 1,119 miles on the four-whe for $9,600. Of the miles driven, only 239 miles were for personal use. Assume four-wh according to the five-year MACRS schedule and the four-wheeler was the only assetP Table 1. Table 2. Table 3, Table 4 and Table 5.) (Do not round intermediate calculation nearest whole dollar amount.) culate the allowable depreciation for year 1 (ignore the $179 expense and bonus depreci ation (The following information applies to the questions displayed below.) Phil owns a ranch business and uses four-wheelers to do much of his work. Occasionally, though he for a ride together as a family activity. During year 1, Phil put 1,119 miles on the four-wheeler that heb for $9,600. Of the miles driven, only 239 miles were for personal use. Assume four-wheelers qualify according to the five-year MACRS schedule and the four-wheeler was the only asset Phil purchased Table 1. Table 2. Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your nearest whole dollar amount.) . Calculate the allowable depreciation for year 1 (ignore the $179 expense and bonus depreciation $ ociation deduction eBook a. Calculate the allowable depreciation for year 1 (ignore the $179 expens Hint Depreciation deduction Ask Print References pplies to the questions displayed below.] and uses four-wheelers to do much of his work. Occasionally, though, he and his b hilly activity. During year 1, Phil put 1,119 miles on the four-wheeler that he bought on riven only 239 miles were for personal use. Assume four-wheelers qualify to be dep MACRS schedule and the four-wheeler was the only asset Phil purchased this year. Table 4 and Table 5.) (Do not round intermediate calculations. Round your final ans mount) 2 ! Required information [The following information applies to the questions displayed below.] Part 2 of 2 oints Phil owns a ranch business and uses four-wheelers to do much of his work. Occasiona for a ride together as a family activity. During year 1, Phil put 1,119 miles on the four-whe for $9,600. Of the miles driven, only 239 miles were for personal use. Assume four-whe according to the five-year MACRS schedule and the four-wheeler was the only asset P Table 1. Table 2. Table 3, Table 4 and Table 5.) (Do not round intermediate calculations nearest whole dollar amount.) 8 04:24:56 b. Calculate the allowable depreciation for year 2 if total miles were 1,405 and personal-use mi and bonus depreciation). Hint Was the only asset Phil purchase and Table 5.) (Do not round intermediate calculations. Round you earest whole dollar amount.) ulate the allowable depreciation for year 2 if total miles were 1,405 and personal-use miles were 530 nus depreciation) reciation deduction ulate the allowable depreciation for year 2 if total miles nus depreciation). reciation deduction round intermediate miles were 1,405 and personal-use miles were 530 (ignore the $179 exp tion Formation applies to the questions displayed below.) h business and uses four-wheelers to do much of his work. Occasionally, though, er as a family activity. During year 1, Phil put 1,119 miles on the four-wheeler that he ne miles driven, only 239 miles were for personal use. Assume four-wheelers quali e five-year MACRS schedule and the four-wheeler was the only asset Phil purchase 2. Table 3. Table 4 and Table 5.) (Do not round intermediate calculations. Round yo dollar amount.) Howable depreciation for year 2 if totalm Required information (The following information applies to the questions displayed Phil owns a ranch business and uses four-wheelers to do muc for a ride together as a family activity. During year 1, Phil put 11 for $9.600. Of the miles driven, only 239 miles were for person according to the five-year MACRS schedule and the four-wheel Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do not round in nearest whole dollar amount.)