John is a construction worker. On April 1, he purchased a pickup truck (8 year class life) for $50,000. He uses the truck 90% for business. He does not elect 168(k) or 179. describes his current year depreciation on the truck?

Answer rating: 100% (QA)

Since John did not choose Section 168k or 179 expensing the Modified Accelerated Cost Recovery Syste... View the full answer