Solution-Calculate Jay depreciation deduction

Calculate Jay depreciation deduction

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Reference no: EM132478155

Question - Modified Accelerated Cost Recovery System (MACRS), Listed Property, Limitation on Depreciation of Luxury Automobiles

On September 14, 2018, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $43,000, and Jay uses the accelerated method under MACRS. Jay does not elect to expense under section 179.

Required - Calculate Jay's depreciation deduction for 2018 assuming bonus depreciation.

Reference no: EM132478155

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Calculate Jay depreciation deduction

Reference no: EM132478155

Reference no: EM132478155

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