Greg purchased a new Mercedes Benz for $68,000 on February 10, 2022. He used the car 90%

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Greg purchased a new Mercedes Benz for $68,000 on February 10, 2022. He used the car 90% for his business during the year. What maximum amount of depreciation is he eligible to claim on the car for 2022?

Posted Date: May 11, 2024 03:37 AM

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Greg purchased a new Mercedes Benz for $68,000 on February 10, 2022. He used the car 90%

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In the United States there are limits on how much depreciation can be claimed on a business vehicle ... View the full answer

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