Booker is looking to buy a new vehicle for his business and wants a model that will last for 10 years. He finds one, and purchases it for $100,000, even though in this industry vehicles normally last no more than six years. The vehicle ends up lasting 12 years. Assuming Booker plans to depreciate the vehicle, what number of years should Booker claim for depreciation purposes?

Answer rating: 100% (QA)

In this scenario Booker purchased a vehicle for his business that is expected to last for 10 years H... View the full answer