In 2013, Trish, a self-employed CPA and calendar year taxpayer, acquires and places in service an automobile
Question:
For each asset, calculate the MACRS current year depreciation deduction assuming Trish does not elect Sec. 179 expensing or bonus depreciation.
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Asset Automobile Personal computer Date Acquired 1/2/13 Total Original Cost Basis Business Usage 60% 40% Portion o Sec. 179 Election No No $21,000 4,000
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Both assets are listed property and are subject to the special rules contained in Sec280F Both asset...View the full answer
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Related Book For
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
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