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Q: Deborah purchases a new $30,000 car in 2012 to use exclusively in her business. If Deborah does not elect to expense or take bonus depreciation

Deborah purchases a new $30,000 car in 2012 to use exclusively in her business. If Deborah does not elect to expense or take bonus depreciation in 2012 and holds the car until it is fully depreciated, how many years will this take? Please show your calculation:
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Even though a car has a 5year life under MACRS the depreciation allowed for the ... View full answer

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