Question: On October 15 2014 Jon purchased and placed in service

On October 15, 2014, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business-use asset Jon acquired in 2014. He used the car 80% of the time for business and 20% for personal use. Jon used the MACRS statutory percentage method. Calculate the total deduction Jon may take for 2014 with respect to the car.


$1.99
Sales11
Views490
Comments
  • CreatedMay 25, 2015
  • Files Included
Post your question
5000