Question

On May 12, 2014, Nelson Inc. purchased eight used-passenger automobiles for use in its business. Nelson did not make a Section 179 election to expense any portion of the cost of the automobiles, which are five-year recovery property subject to the half-year convention. Compute Nelson’s depreciation deduction with respect to the automobiles for 2014 and 2015 assuming:
a. The automobiles were Mini Coopers costing $14,300 each.
b. The automobiles were Buick Lucernes costing $27,000 each.


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  • CreatedNovember 03, 2015
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