Does not qualify for bonus depreciation

Assignment Help Financial Management

Reference no: EM131317823

Janis bought a 2012 Mercedes Benz S550 on 1 July 2016 for 70,000

She uses it 100% in her business as a folksinger.

She wishes to take the maximum amount of depreciation and 179 expense allowed on the vehicle.

How much of her $70,000 cost can she recover in the first year?

This was a used vehicle, and does not qualify for bonus depreciation

Reference no: EM131317823

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Does not qualify for bonus depreciation : Janis bought a 2012 Mercedes Benz S550 on 1 July 2016 for 70,000. She uses it 100% in her business as a folksinger. She wishes to take the maximum amount of depreciation and 179 expense allowed on the vehicle. How much of her $70,000 cost can she rec..

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