On June 5, 2014, Leo purchased and placed in service a new car that cost $20,000. The
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On June 5, 2014, Leo purchased and placed in service a new car that cost $20,000. The business use percentage for the car is always 100%. Leo claims any available additional first-year depreciation. Compute Leo's cost recovery deductions for 2014 and 2015.
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Deduction for 2014 Additional firstyear depreciation 20000 50 10000 MACR...View the full answer
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Related Book For 
South Western Federal Taxation 2016 Comprehensive
ISBN: 9781305395114
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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