68. Tater Meer purchased a new car for use in her business during 2019 for $75,000. The...

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68. Tater Meer purchased a new car for use in her business during 2019 for $75,000. The auto was the only business asset she purchased during the year and her business was very profitable. Calculate Tater’s maximum depreciation deductions for the automobile in 2019 and 2020 under the following scenarios:

a. Tater does not want to take §179 expense and she elects out of bonus depreciation.

b. Tater wants to maximize her 2019 depreciation using bonus depreciation.

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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