Samuel bought a new car in January of 2022 for $65,000. He began using the car for his sole proprietorship on February 14, 2022. The car is used 88% for business use, and Samuel wants to claim 100% bonus deprecation on the car for tax year 2022. What is Samuel's allowable depreciation for the car?

Answer rating: 100% (QA)

Heres how to calculate Samuels allowable depreciation for the car in 2022 1 Calculate the number of ... View the full answer