LB Corporation purchased a business car in June 2018 for ($ 62,000). The car weighs 4,000 pounds
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LB Corporation purchased a business car in June 2018 for \(\$ 62,000\). The car weighs 4,000 pounds and will be used 100 percent of the time in the business. Compute the largest depreciation deduction possible in 2018. No other property purchases were made during the year. (Consider bonus depreciation and the Section 179 deduction, if applicable.)
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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