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.
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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