Tater Meer purchased a new car for use in her business during 2018 for $75,000. The auto
Question:
Tater Meer purchased a new car for use in her business during 2018 for $75,000. The auto was the only business asset she purchased during the year and her business was very profitable. Calculate Tater’s maximum depreciation deductions for the automobile in 2018 and 2019 under the following scenarios:
a. Tater does not want to take §179 expense and she elects out of bonus depreciation.
b. Tater wants to maximize her 2018 depreciation using bonus depreciation.
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Step by Step Answer:
a The depreciation deduction is 10000 in 2018 and 16000 in 2019 calculated as follows Description 20...View the full answer
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Related Book For 
Essentials Of Federal Taxation 2019
ISBN: 9781260190045
10th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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