Maggie purchased a passenger car on June 1, 2022 for $28,000. She placed it in service in her business on June 1, 2022 and it is used exclusively for the business. What is Maggie's cost recovery deduction in 2022 assuming she did not elect $179 expensing but did take bonus depreciation?

Answer rating: 100% (QA)

To calculate Maggies cost recovery deduction for the passenger car in 2022 we need to determine the ... View the full answer