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In 2018, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will

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In 2018, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 60% for business. Assuming the half­year convention applies and Ben elects out of bonus depreciation and Section 179, what will depreciation on the auto be in 2018? 

a. $57,000 

b. $11,400 

c. $6,840 

d. $6,000 

e. None of the above

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Income Tax Fundamentals 2019

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Details
Chapter # 8- Depreciation and Sale of Business Property
Section: MULTIPLE-CHOICE QUESTIONS
Problem: 9
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Question Posted: March 02, 2019 06:35:57
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