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Way Corporation disposed of the following tangible personal property assets in the current year. Required information [ The following information applies to the questions displayed
Way Corporation disposed of the following tangible personal property assets in the current year. Required information
The following information applies to the questions displayed below.
Tamika Meer purchased a new car for use in her business during for $ The auto was the only business asset
she purchased during the year, and her business was very profitable. Calculate Tamika's maximum depreciation
deductions for the automobile in and under the following scenarios: Use MACRS Table Table and
Exhibit
a Tamika does not want to take expense and she elects out of bonus depreciation.
Used percent for business.
Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's depreciation deduction ignore expense
and bonus depreciation for this problemUse MACRS Table Table and Exhibit
Note: Round your intermediate dollar calculations and final answer to the nearest whole dollar amount.
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