Question: I need help with additional first year depreciation, MACRS cost recovery. Thanks Problem 8-47 (LO. 2, 3, 4) On March 15, 2017, Helen purchased and
Problem 8-47 (LO. 2, 3, 4) On March 15, 2017, Helen purchased and placed in service a ew Escalade. The purchase price was $62,000, and the vehicle ha l a of 6,500 GW. The vehicle was used 100% for business. Hele i does claim any available additional first-year depreciation. If required, round your answers to the nearest dollar Click here to access the depredation table to use for this problem. Click here to access the limits for certain automobiles. Calculate the maximum total depreciation deduction that Helen may take with respect to the vehicle for 2017. Section 5 179 expense Additional first-year depredation MACRS cost recovery Total deduction 25,000 V Feedback Problem 8-47 (LO. 2, 3, 4) On March 15, 2017, Helen purchased and placed in service a ew Escalade. The purchase price was $62,000, and the vehicle ha l a of 6,500 GW. The vehicle was used 100% for business. Hele i does claim any available additional first-year depreciation. If required, round your answers to the nearest dollar Click here to access the depredation table to use for this problem. Click here to access the limits for certain automobiles. Calculate the maximum total depreciation deduction that Helen may take with respect to the vehicle for 2017. Section 5 179 expense Additional first-year depredation MACRS cost recovery Total deduction 25,000 V Feedback
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