1. During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year? 2 Alexandra purchased a $35,000 automobile during 2011. The business use was 70%. What is the allowable depreciation for the current year?
1. During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year?
2 Alexandra purchased a $35,000 automobile during 2011. The business use was 70%. What is the allowable depreciation for the current year?
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