Lina purchased a new car for use in her business during 2014.The auto was the only business
Question:
a. The vehicle cost $15,000 and business use is 100 percent (ignore §179 expense).
b. The vehicle cost $40,000, and business use is 100 percent.
c. The vehicle cost $40,000, and she used it 80 percent for business.
d. The vehicle cost $40,000, and she used it 80 percent for business. She sold it on March 1 of year 2.
e. The vehicle cost $40,000, and she used it 20 percent for business.
f. The vehicle cost $40,000 and is an SUV that weighed 6,500 pounds. Business use was 100 percent.
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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