Question: 1 9 . On June 1 , 2 0 2 3 , TreePro Corporation purchased a passenger automobile for 1 0 0 % use in

19. On June 1,2023, TreePro Corporation purchased a passenger automobile for 100% use in its business. The automobile is in the 5-year cost recovery class and has a basis for depreciation of $45,000. TreePro elects the accelerated method of cost recovery for the asset and takes bonus depreciation. What is the total tax depreciation deduction for the 2023 calendar tax year (Year 1)? a. $9,000 b. $19,200 c. $20,200 d. $36,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!