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would you please help to answer this question, thank you! On April 5, 2023, Kinsey places in service a new automobile that cost $60,500. He
would you please help to answer this question, thank you!
On April 5, 2023, Kinsey places in service a new automobile that cost $60,500. He does not elect $179 expensing. and he elects not to take any available additional first-year depreciation. The car is used 75% for business and 25% for personal use in each tax year. Kinsex uses the regular MACRS method of cost recovery (the auto is a 5 -year asset). Click here to access the depreciation table to use for this problem. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for: 2023:2024Step by Step Solution
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