If Carol, in June 2021, purchases a Ford Explorer (an SUV with GVW > 6,000 pounds and
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If Carol, in June 2021, purchases a Ford Explorer (an SUV with GVW > 6,000 pounds and < 14,000 pounds) for $58,360, what is the maximum amount that Carol may deduct in 2021? Carol plans to drive the Explorer 100% of the time for business. Assume that no other assets will be purchased in 2021. Carol elects to take the additional first-year depreciation.
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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