On September 14, 2018, Jay purchased a passenger automobile that is used 75 percent in his accounting

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On September 14, 2018, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $43,000, and Jay uses the accelerated method under MACRS. Jay does not elect to expense. Calculate Jay’s depreciation deduction for 2018 assuming bonus depreciation.

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Related Book For  answer-question

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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